Austin Private Wealth LLC Purchases 1,800 Shares of Walmart Inc. (NYSE:WMT)

Austin Private Wealth LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 10.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,094 shares of the retailer’s stock after buying an additional 1,800 shares during the period. Austin Private Wealth LLC’s holdings in Walmart were worth $1,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC increased its holdings in Walmart by 21.7% in the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 12,846 shares of the retailer’s stock valued at $1,161,000 after buying an additional 2,287 shares during the period. Hamilton Point Investment Advisors LLC increased its stake in Walmart by 1.7% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 92,488 shares of the retailer’s stock valued at $8,375,000 after acquiring an additional 1,523 shares during the period. Integris Wealth Management LLC acquired a new position in Walmart in the fourth quarter worth about $229,000. AA Financial Advisors LLC lifted its stake in Walmart by 7.6% during the fourth quarter. AA Financial Advisors LLC now owns 12,734 shares of the retailer’s stock worth $1,151,000 after purchasing an additional 901 shares during the period. Finally, Evernest Financial Advisors LLC boosted its holdings in Walmart by 1.7% during the fourth quarter. Evernest Financial Advisors LLC now owns 49,862 shares of the retailer’s stock valued at $4,505,000 after purchasing an additional 842 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on WMT shares. Guggenheim raised their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. UBS Group increased their target price on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday. KeyCorp boosted their price target on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Telsey Advisory Group raised their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.11.

Insider Buying and Selling at Walmart

In related news, 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 sale, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the transaction, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,177 shares of company stock valued at $12,649,328. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $97.97 on Monday. The firm has a market capitalization of $787.00 billion, a P/E ratio of 40.20, a PEG ratio of 4.46 and a beta of 0.55. The business has a 50-day moving average of $93.07 and a 200-day moving average of $83.19. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1 year low of $55.04 and a 1 year high of $99.00.

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

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.