Mirador Capital Partners LP Purchases 1,344 Shares of Walmart Inc. (NYSE:WMT)

Mirador Capital Partners LP grew its position in Walmart Inc. (NYSE:WMT) by 29.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,976 shares of the retailer’s stock after purchasing an additional 1,344 shares during the period. Mirador Capital Partners LP’s holdings in Walmart were worth $540,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WMT. Brophy Wealth Management LLC bought a new position in shares of Walmart in the 3rd quarter valued at about $2,072,000. Bank of New Hampshire boosted its position in Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Iowa State Bank grew its stake in Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after purchasing an additional 18,263 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Walmart during the 3rd quarter worth approximately $541,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,347 shares of company stock valued at $12,311,491 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of several analyst reports. Evercore ISI raised their target price on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Telsey Advisory Group lifted their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Roth Mkm upped their target price on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Guggenheim raised their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Oppenheimer boosted their price target on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.49.

Walmart Stock Down 0.0 %

WMT stock opened at $91.33 on Friday. The stock has a 50-day simple moving average of $90.86 and a two-hundred day simple moving average of $81.03. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The firm has a market capitalization of $733.70 billion, a PE ratio of 37.48, a PEG ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, equities analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.