PBMares Wealth Management LLC Buys 170 Shares of Walmart Inc. (NYSE:WMT)

PBMares Wealth Management LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,737 shares of the retailer’s stock after acquiring an additional 170 shares during the period. Walmart comprises 0.6% of PBMares Wealth Management LLC’s portfolio, making the stock its 29th biggest position. PBMares Wealth Management LLC’s holdings in Walmart were worth $2,777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Czech National Bank lifted its stake in shares of Walmart by 8.7% during the 3rd quarter. Czech National Bank now owns 884,820 shares of the retailer’s stock worth $71,449,000 after acquiring an additional 70,808 shares during the last quarter. GAMMA Investing LLC increased its holdings in Walmart by 32.5% during the 3rd quarter. GAMMA Investing LLC now owns 71,684 shares of the retailer’s stock worth $5,788,000 after purchasing an additional 17,593 shares during the period. WealthBridge Capital Management LLC purchased a new position in Walmart during the 3rd quarter worth $336,000. Diversified Trust Co increased its holdings in Walmart by 4.8% during the 3rd quarter. Diversified Trust Co now owns 129,449 shares of the retailer’s stock worth $10,453,000 after purchasing an additional 5,983 shares during the period. Finally, Everpar Advisors LLC increased its holdings in Walmart by 2.3% during the 3rd quarter. Everpar Advisors LLC now owns 20,373 shares of the retailer’s stock worth $1,645,000 after purchasing an additional 449 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock valued at $12,649,328 in the last quarter. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

Shares of WMT opened at $99.60 on Tuesday. The stock has a 50-day moving average of $93.07 and a two-hundred day moving average of $83.27. Walmart Inc. has a one year low of $55.85 and a one year high of $99.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock has a market cap of $800.13 billion, a P/E ratio of 40.88, a P/E/G ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. As a group, research analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group raised their price objective on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird raised their price objective on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and set a $105.00 price objective on shares of Walmart in a report on Wednesday, January 15th. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a report on Thursday, November 21st. Finally, Roth Mkm lifted their price target on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.37.

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.