Strathmore Capital Advisors Inc. Acquires New Position in Walmart Inc. (NYSE:WMT)

Strathmore Capital Advisors Inc. bought a new position in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,201 shares of the retailer’s stock, valued at approximately $289,000.

A number of other large investors also recently made changes to their positions in the business. Brophy Wealth Management LLC acquired a new position in Walmart during the third quarter worth approximately $2,072,000. Iowa State Bank lifted its holdings in shares of Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Fisher Asset Management LLC boosted its position in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the period. Virtu Financial LLC acquired a new stake in Walmart in the 3rd quarter valued at $541,000. Finally, Charles Schwab Investment Management Inc. raised its position in Walmart by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after purchasing an additional 350,881 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,412 shares of company stock worth $12,478,116. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT stock traded down $0.42 during midday trading on Tuesday, reaching $91.01. 6,197,210 shares of the company were exchanged, compared to its average volume of 11,530,208. Walmart Inc. has a 12 month low of $52.23 and a 12 month high of $96.18. 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 company has a market cap of $731.12 billion, a P/E ratio of 37.35, a PEG ratio of 4.47 and a beta of 0.55. The company’s 50 day moving average price is $89.58 and its two-hundred day moving average price is $79.96.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. On average, sell-side analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent research reports. Morgan Stanley increased their target price on Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Robert W. Baird boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Telsey Advisory Group boosted their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Piper Sandler raised their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.69.

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.