Walmart Inc. (NYSE:WMT) Shares Purchased by Eagle Capital Management LLC

Eagle Capital Management LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,861 shares of the retailer’s stock after purchasing an additional 321 shares during the period. Eagle Capital Management LLC’s holdings in Walmart were worth $349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WMT. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the 3rd quarter valued at approximately $26,000. Voisard Asset Management Group Inc. increased its stake 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 acquiring an additional 174 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in Walmart in the fourth quarter valued at $32,000. Hoese & Co LLP acquired a new position in shares of Walmart in the 3rd quarter valued at $33,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart during the 3rd quarter worth about $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Guggenheim upped their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein lifted their target price on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Oppenheimer upped their price target on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Evercore ISI lifted their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler increased their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Two 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Walmart Stock Performance

NYSE WMT opened at $93.75 on Friday. The company has a fifty day moving average of $91.62 and a two-hundred day moving average of $81.87. 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 1 year low of $53.44 and a 1 year high of $96.18. The company has a market capitalization of $753.12 billion, a PE ratio of 38.47, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the business posted $0.51 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the 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 completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,928 shares of company stock worth $8,978,123 in the last quarter. 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.