Angeles Wealth Management LLC Purchases 1,734 Shares of Walmart Inc. (NYSE:WMT)

Angeles Wealth Management LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,949 shares of the retailer’s stock after acquiring an additional 1,734 shares during the period. Angeles Wealth Management LLC’s holdings in Walmart were worth $1,260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fiduciary Advisors Inc. acquired a new stake in Walmart in the 4th quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter worth $32,000. Voisard Asset Management Group Inc. grew its stake in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Finally, Livelsberger Financial Advisory bought a new position in Walmart during the third quarter worth $36,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

WMT opened at $102.77 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market capitalization of $825.62 billion, a P/E ratio of 42.18, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The company’s 50 day simple moving average is $94.07 and its 200-day simple moving average is $84.36. Walmart Inc. has a one year low of $55.85 and a one year high of $103.11.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.51 EPS. Sell-side analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 over the last three months. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on WMT shares. Oppenheimer raised their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday. Tigress Financial raised their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group lifted their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Evercore ISI upped their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.95.

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.