2,836 Shares in Walmart Inc. (NYSE:WMT) Acquired by Washburn Capital Management Inc.

Washburn Capital Management Inc. acquired a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,836 shares of the retailer’s stock, valued at approximately $256,000.

Several other large investors have also modified their holdings of WMT. Jennison Associates LLC raised its position in Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares during the last quarter. FMR LLC increased its stake in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after buying an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after buying an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

WMT stock opened at $102.77 on Tuesday. The stock’s 50 day moving average price is $94.07 and its 200 day moving average price is $84.36. The firm has a market cap of $825.62 billion, a P/E ratio of 42.18, a PEG ratio of 4.25 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. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $103.11.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 earnings per share. On average, sell-side analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock valued at $16,403,728 in the last ninety days. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on WMT shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Walmart in a research note on Wednesday, January 15th. Barclays increased their price target on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Stifel Nicolaus boosted their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Jefferies Financial Group raised their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Evercore ISI boosted their price target on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Two investment 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. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $96.95.

About Walmart

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.