70,292 Shares in Walmart Inc. (NYSE:WMT) Acquired by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC bought a new stake in Walmart Inc. (NYSE:WMT) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 70,292 shares of the retailer’s stock, valued at approximately $6,351,000.

Other large investors have also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. purchased a new stake in Walmart in the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. raised its holdings in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the 4th quarter worth $32,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart during the third quarter worth $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Down 0.5 %

WMT opened at $102.45 on Wednesday. The firm’s 50 day moving average is $94.27 and its 200-day moving average is $84.59. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $103.11. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $822.98 billion, a P/E ratio of 42.04, a P/E/G ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly 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. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. Analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WMT shares. Jefferies Financial Group upped their target price on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Robert W. Baird lifted their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Tigress Financial increased their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Guggenheim boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a research report on Thursday, November 21st. Two equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.08.

Insider Buying and Selling

In related news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares in the company, valued at approximately $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by corporate insiders.

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.