Ibex Wealth Advisors Takes $699,000 Position in Walmart Inc. (NYSE:WMT)

Ibex Wealth Advisors bought a new position in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, Holdings Channel reports. The fund bought 7,733 shares of the retailer’s stock, valued at approximately $699,000.

Several other large investors also recently modified their holdings of WMT. Invesco LLC grew its stake in Walmart by 1.1% in the fourth quarter. Invesco LLC now owns 10,950 shares of the retailer’s stock valued at $989,000 after acquiring an additional 124 shares during the period. Strategic Blueprint LLC grew its stake in shares of Walmart by 0.6% in the 4th quarter. Strategic Blueprint LLC now owns 100,167 shares of the retailer’s stock worth $9,050,000 after acquiring an additional 615 shares in the last quarter. Iams Wealth Management LLC purchased a new stake in Walmart in the 4th quarter valued at about $291,000. Masso Torrence Wealth Management Inc. increased its position in shares of Walmart by 4.9% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 10,929 shares of the retailer’s stock valued at $987,000 after acquiring an additional 515 shares during the last quarter. Finally, Forsta AP Fonden raised its stake in shares of Walmart by 0.9% during the 4th quarter. Forsta AP Fonden now owns 1,149,100 shares of the retailer’s stock worth $103,821,000 after purchasing an additional 9,800 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $97.97 on Friday. Walmart Inc. has a twelve month low of $55.04 and a twelve month high of $99.00. The stock has a market cap of $787.00 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 4.46 and a beta of 0.55. The business’s fifty day moving average is $92.91 and its 200 day moving average is $82.90. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

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

Insider Buying and Selling at Walmart

In other news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was 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 $52,859,472.96. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,177 shares of company stock worth $12,649,328. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. Truist Financial lifted their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. UBS Group lifted their price objective on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen boosted their price target 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. Finally, Sanford C. Bernstein increased their price objective on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Two 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 company’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $95.11.

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.