Morris Financial Concepts Inc. Increases Stock Position in Walmart Inc. (NYSE:WMT)

Morris Financial Concepts Inc. grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 17.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,019 shares of the retailer’s stock after purchasing an additional 596 shares during the period. Morris Financial Concepts Inc.’s holdings in Walmart were worth $363,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. SC&H Financial Advisors Inc. lifted its stake in shares of Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after buying an additional 103 shares in the last quarter. Dakota Community Bank & Trust NA increased its holdings in shares of Walmart by 4.0% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after purchasing an additional 110 shares in the last quarter. Hobart Private Capital LLC increased its holdings in shares of Walmart by 1.6% in the 4th quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock worth $626,000 after purchasing an additional 111 shares in the last quarter. Kozak & Associates Inc. raised its stake in shares of Walmart by 22.3% in the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after purchasing an additional 113 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC lifted its holdings in shares of Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 1.4 %

Shares of WMT opened at $105.10 on Friday. The firm has a market cap of $844.29 billion, a P/E ratio of 43.13, a price-to-earnings-growth ratio of 4.25 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 1 year low of $55.85 and a 1 year high of $105.24. The company has a 50 day simple moving average of $94.63 and a two-hundred day simple moving average of $84.95.

Walmart (NYSE:WMT) last announced its quarterly 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the firm posted $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 38,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,177 shares of company stock worth $16,403,728. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WMT shares. Oppenheimer boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Jefferies Financial Group boosted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Piper Sandler lifted their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Barclays raised their price target on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, Citigroup upped their price objective on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.85.

Walmart Company 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.