Aveo Capital Partners LLC Has $1.26 Million Stock Position in Walmart Inc. (NYSE:WMT)

Aveo Capital Partners LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 27.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,886 shares of the retailer’s stock after acquiring an additional 3,026 shares during the period. Aveo Capital Partners LLC’s holdings in Walmart were worth $1,255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter worth $27,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter worth $32,000. Voisard Asset Management Group Inc. boosted 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 buying an additional 174 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new stake in Walmart during the third quarter worth $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Jefferies Financial Group lifted their price target 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. Telsey Advisory Group lifted their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Walmart in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.17.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

Walmart stock opened at $104.04 on Friday. The stock has a 50-day simple moving average of $94.99 and a 200 day simple moving average of $85.33. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $55.99 and a 12-month high of $105.30. The stock has a market capitalization of $835.78 billion, a price-to-earnings ratio of 42.70, a P/E/G ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. On average, research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

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.