JCIC Asset Management Inc. Purchases 630 Shares of Walmart Inc. (NYSE:WMT)

JCIC Asset Management Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,266 shares of the retailer’s stock after acquiring an additional 630 shares during the period. Walmart makes up approximately 1.7% of JCIC Asset Management Inc.’s investment portfolio, making the stock its 20th largest holding. JCIC Asset Management Inc.’s holdings in Walmart were worth $4,090,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new position in shares of Walmart during the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. increased its position in shares of Walmart by 77.3% during 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 in the last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart during the third quarter worth $33,000. Livelsberger Financial Advisory bought a new stake in Walmart in the 3rd quarter valued at $36,000. Finally, Hara Capital LLC acquired a new position in Walmart in the 3rd quarter worth $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WMT shares. Barclays lifted their price target on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Bank of America raised their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group boosted their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Robert W. Baird raised their target price on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $94.08.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the sale, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock worth $12,478,116 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT traded down $1.41 during midday trading on Monday, reaching $91.59. The company’s stock had a trading volume of 10,559,900 shares, compared to its average volume of 13,295,982. 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 company has a market cap of $735.78 billion, a P/E ratio of 37.59, a P/E/G ratio of 4.47 and a beta of 0.55. The business’s 50 day moving average price is $90.38 and its two-hundred day moving average price is $80.63. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. On average, analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

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.