Rappaport Reiches Capital Management LLC Boosts Holdings in Walmart Inc. (NYSE:WMT)

Rappaport Reiches Capital Management LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 277.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,122 shares of the retailer’s stock after purchasing an additional 10,381 shares during the period. Rappaport Reiches Capital Management LLC’s holdings in Walmart were worth $1,276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of WMT. Beaird Harris Wealth Management LLC grew its holdings in shares of Walmart by 44.8% during the second quarter. Beaird Harris Wealth Management LLC now owns 2,726 shares of the retailer’s stock worth $185,000 after buying an additional 843 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Walmart during the second quarter worth about $45,264,000. Arkos Global Advisors grew its stake in Walmart by 7.8% during the 2nd quarter. Arkos Global Advisors now owns 22,184 shares of the retailer’s stock valued at $1,502,000 after acquiring an additional 1,605 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in Walmart by 14.8% in the 2nd quarter. Kathmere Capital Management LLC now owns 44,866 shares of the retailer’s stock valued at $3,038,000 after acquiring an additional 5,769 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new position in Walmart in the 2nd quarter worth approximately $270,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the transaction, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,177 shares of company stock worth $12,895,688. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $94.84 on Friday. Walmart Inc. has a 1 year low of $53.47 and a 1 year high of $96.18. The stock has a market capitalization of $761.90 billion, a PE ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock has a 50-day simple moving average of $92.02 and a 200-day simple moving average of $82.13.

Walmart (NYSE:WMT) last issued 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 net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Piper Sandler raised 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. Oppenheimer lifted their price target on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Stifel Nicolaus upped their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley lifted their target price on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued 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 target price of $94.69.

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.