Joel Isaacson & Co. LLC Acquires 340 Shares of Walmart Inc. (NYSE:WMT)

Joel Isaacson & Co. LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,691 shares of the retailer’s stock after buying an additional 340 shares during the period. Joel Isaacson & Co. LLC’s holdings in Walmart were worth $2,683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in WMT. Dakota Community Bank & Trust NA lifted its position in shares of Walmart by 4.0% during the 4th 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 period. Kozak & Associates Inc. lifted its position in Walmart by 22.3% during the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after purchasing an additional 113 shares during the period. Summit Financial Wealth Advisors LLC grew its stake in Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after buying an additional 118 shares in the last quarter. Hanson & Doremus Investment Management increased its holdings in Walmart by 1.0% in the 4th quarter. Hanson & Doremus Investment Management now owns 12,609 shares of the retailer’s stock valued at $1,139,000 after buying an additional 120 shares during the period. Finally, Lowe Wealth Advisors LLC raised its position in shares of Walmart by 13.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after buying an additional 121 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock valued at $16,403,728 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Roth Mkm increased their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. TD Cowen boosted their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. BMO Capital Markets raised their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Guggenheim boosted their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Oppenheimer raised their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday. Two 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.01.

Walmart Stock Down 1.6 %

Shares of Walmart stock opened at $101.17 on Friday. The firm has a market cap of $812.73 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 4.25 and a beta of 0.55. The stock’s 50-day moving average is $94.07 and its 200 day moving average is $84.17. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a one year low of $55.85 and a one year high of $103.11.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. Equities research analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

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.