Blue Zone Wealth Advisors LLC Takes Position in Walmart Inc. (NYSE:WMT)

Blue Zone Wealth Advisors LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,589 shares of the retailer’s stock, valued at approximately $234,000.

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

Walmart Trading Down 1.0 %

WMT opened at $104.04 on Monday. The business has a 50 day simple moving average of $94.99 and a two-hundred day simple moving average of $85.44. The firm has a market capitalization of $835.78 billion, a price-to-earnings ratio of 42.70, a PEG 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 one year low of $55.99 and a one year high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS 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 business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the company posted $0.51 EPS. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Oppenheimer lifted their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Telsey Advisory Group lifted their price target on Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Citigroup lifted their price target on Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.53.

Insiders Place Their Bets

In other Walmart 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 transaction of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 175,177 shares of company stock worth $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.