Walmart Inc. (NYSE:WMT) is Bard Financial Services Inc.’s 3rd Largest Position

Bard Financial Services Inc. boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 312,170 shares of the retailer’s stock after buying an additional 1,100 shares during the period. Walmart makes up about 3.4% of Bard Financial Services Inc.’s investment portfolio, making the stock its 3rd largest holding. Bard Financial Services Inc.’s holdings in Walmart were worth $28,205,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Summit Financial Wealth Advisors LLC increased its holdings in Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares during the last quarter. Providence Wealth Advisors LLC lifted its position in Walmart by 0.3% during the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after purchasing an additional 122 shares in the last quarter. 3Chopt Investment Partners LLC lifted its position in shares of Walmart by 0.4% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after buying an additional 124 shares in the last quarter. CAP Partners LLC increased its holdings in Walmart by 2.1% in the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after acquiring an additional 125 shares in the last quarter. Finally, Investment Advisory Group LLC raised its position in shares of Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WMT. Telsey Advisory Group increased their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Tigress Financial increased their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Piper Sandler upped their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Roth Mkm lifted their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, UBS Group lifted their target price on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two 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 company. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $93.69.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,412 shares of company stock valued at $12,478,116. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT traded up $1.17 during midday trading on Monday, reaching $91.95. 8,071,708 shares of the stock were exchanged, compared to its average volume of 11,028,102. Walmart Inc. has a twelve month low of $52.23 and a twelve month high of $96.18. 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 cap of $738.67 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 4.47 and a beta of 0.55. The firm has a 50-day simple moving average of $89.41 and a two-hundred day simple moving average of $79.80.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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 company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Walmart 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.