Syntegra Private Wealth Group LLC Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Syntegra Private Wealth Group LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,237 shares of the retailer’s stock after purchasing an additional 225 shares during the quarter. Syntegra Private Wealth Group LLC’s holdings in Walmart were worth $1,919,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Colorado Capital Management Inc. purchased a new stake in shares of Walmart during the 3rd quarter worth approximately $219,000. Watts Gwilliam & Co. LLC purchased a new stake in shares of Walmart during the 3rd quarter worth approximately $1,551,000. Hoese & Co LLP purchased a new stake in shares of Walmart during the 3rd quarter worth approximately $33,000. Merrion Investment Management Co LLC boosted its stake in shares of Walmart by 16.7% during the 3rd quarter. Merrion Investment Management Co LLC now owns 3,500 shares of the retailer’s stock worth $283,000 after acquiring an additional 500 shares in the last quarter. Finally, Christopher J. Hasenberg Inc purchased a new stake in shares of Walmart during the 3rd quarter worth approximately $52,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 1.6 %

Shares of NYSE WMT opened at $101.17 on Friday. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $103.11. The firm has a fifty day moving average of $93.89 and a 200-day moving average of $83.95. The stock has a market capitalization of $812.73 billion, a PE ratio of 41.52, a P/E/G ratio of 4.49 and a beta of 0.55. 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 announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating 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 company 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 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Robert W. Baird boosted their price target on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Telsey Advisory Group boosted their price target on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets lifted their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research report on Thursday, November 21st. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.01.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the sale, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 175,177 shares of company stock valued at $16,403,728. Company insiders own 45.58% of the company’s stock.

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.