Pflug Koory LLC Acquires 7,730 Shares of Walmart Inc. (NYSE:WMT)

Pflug Koory LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 293.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,364 shares of the retailer’s stock after purchasing an additional 7,730 shares during the quarter. Pflug Koory LLC’s holdings in Walmart were worth $936,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Dakota Community Bank & Trust NA increased its stake in Walmart by 4.0% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after acquiring an additional 110 shares during the last quarter. Kozak & Associates Inc. boosted its holdings in shares of Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after purchasing an additional 113 shares in the last quarter. Summit Financial Wealth Advisors LLC increased its stake in shares of Walmart by 0.5% in the 3rd 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 during the last quarter. Lowe Wealth Advisors LLC raised its holdings in shares of Walmart by 13.5% during the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after buying an additional 121 shares in the last quarter. Finally, Providence Wealth Advisors LLC lifted its position in shares of Walmart by 0.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WMT shares. Morgan Stanley boosted their target price on Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Stifel Nicolaus increased their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Guggenheim boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein increased their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Truist Financial boosted their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

Insider Transactions at Walmart

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 140,177 shares of company stock valued at $12,895,688 in the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of WMT opened at $94.84 on Monday. The firm has a market cap of $761.90 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52-week low of $53.47 and a 52-week high of $96.18. 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 business’s 50 day moving average price is $92.02 and its two-hundred day moving average price is $82.21.

Walmart (NYSE:WMT) last released its 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. The company 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. On average, equities analysts anticipate that Walmart Inc. will post 2.48 EPS for the current 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.