HB Wealth Management LLC Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

HB Wealth Management LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 1.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 349,637 shares of the retailer’s stock after purchasing an additional 4,592 shares during the quarter. HB Wealth Management LLC’s holdings in Walmart were worth $31,591,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WMT. AE Wealth Management LLC lifted its stake in shares of Walmart by 36.6% during the second quarter. AE Wealth Management LLC now owns 211,257 shares of the retailer’s stock valued at $14,304,000 after buying an additional 56,658 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Walmart by 3.2% during the 2nd quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer’s stock worth $25,961,000 after purchasing an additional 11,816 shares during the period. Garden State Investment Advisory Services LLC boosted its holdings in shares of Walmart by 15.9% during the second quarter. Garden State Investment Advisory Services LLC now owns 7,644 shares of the retailer’s stock worth $518,000 after purchasing an additional 1,047 shares during the last quarter. Sei Investments Co. grew its position in shares of Walmart by 19.3% in the second quarter. Sei Investments Co. now owns 1,541,659 shares of the retailer’s stock valued at $104,388,000 after purchasing an additional 249,232 shares during the period. Finally, Chesapeake Wealth Management increased its stake in Walmart by 5.5% in the second quarter. Chesapeake Wealth Management now owns 25,795 shares of the retailer’s stock valued at $1,747,000 after purchasing an additional 1,349 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated 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 of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,177 shares of company stock worth $12,478,149. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WMT has been the subject of several recent analyst reports. Tigress Financial lifted their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Stifel Nicolaus upped their price target on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Bank of America lifted their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Two investment 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.49.

Walmart Trading Up 0.8 %

NYSE WMT opened at $92.02 on Friday. The company has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The company’s fifty day moving average price is $91.15 and its two-hundred day moving average price is $81.27.

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

About Walmart

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.