Avior Wealth Management LLC Raises Stock Position in Walmart Inc. (NYSE:WMT)

Avior Wealth Management LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,976 shares of the retailer’s stock after buying an additional 413 shares during the quarter. Avior Wealth Management LLC’s holdings in Walmart were worth $3,431,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. increased its holdings in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the 4th quarter valued at $32,000. Hoese & Co LLP acquired a new position in shares of Walmart in the 3rd quarter valued at $33,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walmart in the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Telsey Advisory Group lifted their target price on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Roth Mkm lifted their target price on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. KeyCorp lifted their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Barclays boosted their price objective on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average target price of $94.69.

Walmart Price Performance

Walmart stock opened at $94.84 on Friday. Walmart Inc. has a 52 week low of $53.47 and a 52 week 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 firm’s 50-day simple moving average is $91.81 and its 200 day simple moving average is $81.95. The firm has a market capitalization of $761.90 billion, a PE ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s revenue for the quarter 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, equities research analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now owns 568,626 shares in the company, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 140,177 shares of company stock worth $12,895,688. Corporate insiders own 45.58% of the company’s stock.

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.