Walmart Inc. (NYSE:WMT) Shares Purchased by Masso Torrence Wealth Management Inc.

Masso Torrence Wealth Management Inc. grew its stake in shares of Walmart Inc. (NYSE:WMT) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,929 shares of the retailer’s stock after acquiring an additional 515 shares during the quarter. Masso Torrence Wealth Management Inc.’s holdings in Walmart were worth $987,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Anchor Investment Management LLC boosted its position in Walmart by 6.5% during the 2nd quarter. Anchor Investment Management LLC now owns 85,145 shares of the retailer’s stock worth $5,765,000 after purchasing an additional 5,194 shares during the period. Mattson Financial Services LLC purchased a new stake in shares of Walmart in the second quarter worth about $2,924,000. Neville Rodie & Shaw Inc. grew its stake in shares of Walmart by 1.8% in the third quarter. Neville Rodie & Shaw Inc. now owns 20,504 shares of the retailer’s stock valued at $1,656,000 after buying an additional 356 shares in the last quarter. Waller Financial Planning Group Inc. purchased a new stake in shares of Walmart during the 3rd quarter valued at about $226,000. Finally, Abacus Planning Group Inc. lifted its position in Walmart by 3.2% during the 3rd quarter. Abacus Planning Group Inc. now owns 16,456 shares of the retailer’s stock worth $1,329,000 after acquiring an additional 507 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WMT has been the topic of a number of analyst reports. Oppenheimer lifted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Tigress Financial upped their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Barclays raised their price objective on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Truist Financial upped their target price on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two research 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’s stock. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Walmart Stock Performance

Shares of NYSE WMT opened at $98.61 on Friday. Walmart Inc. has a 1 year low of $55.04 and a 1 year high of $98.93. The firm has a market cap of $792.15 billion, a P/E ratio of 40.47, a PEG ratio of 4.42 and a beta of 0.55. The stock has a fifty day moving average price of $92.71 and a two-hundred day moving average price of $82.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company earned $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock valued at $12,649,328 over the last ninety days. Insiders own 45.58% of the company’s stock.

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.