Walmart Inc. (NYSE:WMT) Position Increased by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 0.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 95,478 shares of the retailer’s stock after buying an additional 728 shares during the quarter. Walmart comprises about 2.1% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 12th biggest position. Raab & Moskowitz Asset Management LLC’s holdings in Walmart were worth $8,626,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WMT. Peterson Financial Group Inc. acquired a new stake in Walmart during the 3rd quarter worth about $26,000. Fiduciary Advisors Inc. purchased a new position in Walmart during the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. raised its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at $32,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart during the third quarter valued at $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WMT. Evercore ISI increased their price objective on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. KeyCorp upped their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein increased their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and set a $105.00 price target on shares of Walmart in a research note on Wednesday, January 15th. Finally, Citigroup increased their target price on shares of Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.85.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred 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 transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock valued at $16,403,728 in the last ninety days. 45.58% of the stock is owned by insiders.

Walmart Stock Up 1.4 %

NYSE:WMT opened at $105.10 on Friday. The stock’s fifty day moving average price is $94.63 and its two-hundred day moving average price is $84.95. The company has a market cap of $844.29 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $105.24. 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 (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

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.