Walmart Inc. (NYSE:WMT) Shares Bought by Graypoint LLC

Graypoint LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,203 shares of the retailer’s stock after acquiring an additional 325 shares during the period. Graypoint LLC’s holdings in Walmart were worth $6,614,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WMT. RMR Wealth Builders grew its position in Walmart by 8.0% during the 4th quarter. RMR Wealth Builders now owns 29,833 shares of the retailer’s stock worth $2,695,000 after purchasing an additional 2,215 shares during the last quarter. Lowe Wealth Advisors LLC increased its position in Walmart by 13.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after acquiring an additional 121 shares during the period. Atlas Brown Inc. raised its stake in Walmart by 1.2% during the 4th quarter. Atlas Brown Inc. now owns 19,765 shares of the retailer’s stock valued at $1,786,000 after acquiring an additional 235 shares during the last quarter. Heartwood Wealth Advisors LLC grew its stake in shares of Walmart by 4.3% in the 4th quarter. Heartwood Wealth Advisors LLC now owns 8,808 shares of the retailer’s stock valued at $796,000 after purchasing an additional 360 shares during the last quarter. Finally, Highline Wealth Partners LLC lifted its holdings in shares of Walmart by 45.3% during the fourth quarter. Highline Wealth Partners LLC now owns 872 shares of the retailer’s stock worth $79,000 after purchasing an additional 272 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, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the sale, the executive vice president now directly owns 457,493 shares in the company, valued at $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,412 shares of company stock worth $12,478,116. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

WMT stock traded up $1.23 during trading on Friday, hitting $93.03. The company had a trading volume of 18,128,486 shares, compared to its average volume of 13,793,515. The firm has a market capitalization of $747.35 billion, a price-to-earnings ratio of 38.18, a P/E/G ratio of 4.47 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $90.16 and a 200 day moving average of $80.29. Walmart Inc. has a fifty-two week low of $53.39 and a fifty-two week high of $96.18.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Citigroup raised their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Morgan Stanley lifted their price objective on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, TD Cowen upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.08.

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.