Retirement Wealth Solutions LLC Purchases Shares of 676 Walmart Inc. (NYSE:WMT)

Retirement Wealth Solutions LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 676 shares of the retailer’s stock, valued at approximately $63,000.

A number of other large investors have also made changes to their positions in the stock. AE Wealth Management LLC lifted its position in shares of Walmart by 36.6% in the 2nd quarter. AE Wealth Management LLC now owns 211,257 shares of the retailer’s stock worth $14,304,000 after acquiring an additional 56,658 shares during the period. Pacer Advisors Inc. lifted its position in Walmart by 3.2% in the second quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer’s stock worth $25,961,000 after purchasing an additional 11,816 shares during the period. Garden State Investment Advisory Services LLC boosted its stake in Walmart by 15.9% during the second quarter. Garden State Investment Advisory Services LLC now owns 7,644 shares of the retailer’s stock worth $518,000 after buying an additional 1,047 shares in the last quarter. Sei Investments Co. increased its holdings in Walmart by 19.3% in the 2nd quarter. Sei Investments Co. now owns 1,541,659 shares of the retailer’s stock valued at $104,388,000 after buying an additional 249,232 shares during the period. Finally, Chesapeake Wealth Management raised its stake in shares of Walmart by 5.5% in the 2nd quarter. Chesapeake Wealth Management now owns 25,795 shares of the retailer’s stock valued at $1,747,000 after buying an additional 1,349 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. TD Cowen upped their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus upped their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Jefferies Financial Group raised their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Evercore ISI upped their price target on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets lifted their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average target price of $94.49.

Walmart Stock Up 0.8 %

Shares of Walmart stock opened at $92.02 on Friday. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The business has a fifty day simple moving average of $91.15 and a 200 day simple moving average of $81.27. 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 market cap of $739.19 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly 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 business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. Research analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. The trade was a 2.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,177 shares of company stock valued at $12,478,149 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

About Walmart

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.