Scarborough Advisors LLC Purchases 109 Shares of Walmart Inc. (NYSE:WMT)

Scarborough Advisors LLC boosted its position in Walmart Inc. (NYSE:WMT) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,584 shares of the retailer’s stock after purchasing an additional 109 shares during the quarter. Scarborough Advisors LLC’s holdings in Walmart were worth $505,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the fourth quarter valued at $27,000. Peterson Financial Group Inc. purchased a new position in Walmart in the third quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the fourth quarter worth about $32,000. Voisard Asset Management Group Inc. boosted its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new position in Walmart in the third quarter worth about $36,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 1.0 %

NYSE:WMT opened at $104.04 on Friday. The firm has a market cap of $835.78 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The stock has a fifty day moving average price of $94.99 and a 200 day moving average price of $85.33. Walmart Inc. has a 12-month low of $55.99 and a 12-month high of $105.30. 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 (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. 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 earned $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 175,177 shares of company stock worth $16,403,728 in the last quarter. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several research reports. Roth Mkm raised their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. UBS Group raised their target price on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. BMO Capital Markets raised their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Wells Fargo & Company raised their target price on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Evercore ISI raised their price objective on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $99.17.

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.