InvesTrust Purchases Shares of 13,694 Walmart Inc. (NYSE:WMT)

InvesTrust acquired a new position in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,694 shares of the retailer’s stock, valued at approximately $1,240,000.

A number of other large investors have also bought and sold shares of the stock. Private Client Services LLC raised its holdings in shares of Walmart by 6.6% in the fourth quarter. Private Client Services LLC now owns 7,909 shares of the retailer’s stock valued at $715,000 after purchasing an additional 488 shares during the last quarter. Park National Corp OH raised its position in Walmart by 0.6% in the fourth quarter. Park National Corp OH now owns 26,472 shares of the retailer’s stock worth $2,392,000 after acquiring an additional 155 shares during the period. Innova Wealth Partners bought a new position in shares of Walmart during the 4th quarter valued at approximately $352,000. Strathmore Capital Advisors Inc. bought a new stake in shares of Walmart in the 4th quarter worth approximately $289,000. Finally, Spartan Planning & Wealth Management purchased a new position in Walmart in the fourth quarter valued at approximately $782,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WMT shares. Barclays lifted their target price on shares of Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Oppenheimer upped their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Morgan Stanley upped their target price on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research note on Thursday, November 21st. Finally, UBS Group lifted their price target on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $93.69.

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s 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 trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have 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

NYSE:WMT traded up $0.89 during mid-day trading on Wednesday, hitting $91.70. The company’s stock had a trading volume of 5,401,453 shares, compared to its average volume of 11,291,261. The business’s fifty day moving average is $89.76 and its two-hundred day moving average is $80.13. The stock has a market cap of $736.66 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 1 year low of $52.58 and a 1 year high of $96.18. 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 (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the business earned $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. 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.