Walmart Inc. (NYSE:WMT) Shares Acquired by Abound Wealth Management

Abound Wealth Management increased its stake in Walmart Inc. (NYSE:WMT) by 6.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,301 shares of the retailer’s stock after acquiring an additional 139 shares during the quarter. Abound Wealth Management’s holdings in Walmart were worth $208,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Enterprise Bank & Trust Co grew its position in shares of Walmart by 4.8% in the 4th quarter. Enterprise Bank & Trust Co now owns 5,456 shares of the retailer’s stock worth $493,000 after acquiring an additional 248 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Walmart in the 4th quarter worth about $224,000. JCIC Asset Management Inc. boosted its holdings in shares of Walmart by 1.4% in the 4th quarter. JCIC Asset Management Inc. now owns 45,266 shares of the retailer’s stock valued at $4,090,000 after buying an additional 630 shares during the period. Forza Wealth Management LLC boosted its holdings in shares of Walmart by 8.8% in the 4th quarter. Forza Wealth Management LLC now owns 4,397 shares of the retailer’s stock valued at $397,000 after buying an additional 357 shares during the period. Finally, Accelerate Investment Advisors LLC bought a new stake in shares of Walmart during the 4th quarter valued at about $273,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on WMT. Tigress Financial raised their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Roth Mkm boosted their price objective on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, Truist Financial upped their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two investment 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.08.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the transaction, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,412 shares of company stock worth $12,478,116 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Down 1.7 %

Shares of Walmart stock traded down $1.57 during midday trading on Monday, hitting $91.43. The company’s stock had a trading volume of 11,618,872 shares, compared to its average volume of 13,470,007. The firm has a market capitalization of $734.49 billion, a P/E ratio of 37.52, a PEG ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a 50-day simple moving average of $90.38 and a 200-day simple moving average of $80.63.

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

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.