Pineridge Advisors LLC Buys 953 Shares of Walmart Inc. (NYSE:WMT)

Pineridge Advisors LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,514 shares of the retailer’s stock after buying an additional 953 shares during the quarter. Walmart makes up 0.3% of Pineridge Advisors LLC’s portfolio, making the stock its 26th largest position. Pineridge Advisors LLC’s holdings in Walmart were worth $679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the 3rd quarter valued at about $26,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the 4th quarter valued at about $27,000. Voisard Asset Management Group Inc. raised its holdings in shares of 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 purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Walmart in the 4th quarter valued at about $32,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart in the 3rd quarter valued at about $36,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.5 %

WMT stock opened at $102.45 on Wednesday. The firm’s fifty day simple moving average is $94.27 and its 200-day simple moving average is $84.59. The company has a market capitalization of $822.98 billion, a P/E ratio of 42.04, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. 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 12 month low of $55.85 and a 12 month high of $103.11.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The business 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 business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. As a group, equities research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’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 transaction, the chief executive officer now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 in the last three months. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on WMT shares. TD Cowen boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. KeyCorp lifted their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Citigroup lifted their price objective on shares of Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley lifted their price objective on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Two research 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $98.08.

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.