Walmart Inc. (NYSE:WMT) Shares Acquired by Westmount Partners LLC

Westmount Partners LLC raised its stake in Walmart Inc. (NYSE:WMT) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,830 shares of the retailer’s stock after acquiring an additional 886 shares during the period. Walmart accounts for about 1.5% of Westmount Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Westmount Partners LLC’s holdings in Walmart were worth $5,044,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WMT. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the third quarter worth approximately $26,000. Voisard Asset Management Group Inc. boosted its position in shares of 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 during the period. Hoese & Co LLP acquired a new position in shares of Walmart during the third quarter worth approximately $33,000. Livelsberger Financial Advisory acquired a new position in shares of Walmart during the third quarter worth approximately $36,000. Finally, Hara Capital LLC acquired a new position in shares of Walmart during the third quarter worth approximately $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on WMT shares. UBS Group boosted their target price on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Barclays boosted their target price on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday. Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Bank of America upped their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, KeyCorp upped their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two investment 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.08.

Walmart Trading Down 1.6 %

WMT stock traded down $1.51 during trading on Monday, hitting $91.49. The company had a trading volume of 8,610,239 shares, compared to its average volume of 13,054,925. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $90.38 and a 200-day moving average price of $80.63. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The stock has a market cap of $734.97 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last posted 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the company posted $0.51 EPS. Walmart’s revenue was up 5.5% on a year-over-year basis. As a group, analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated 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 directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the transaction, the executive vice president now owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,412 shares of company stock worth $12,478,116. Insiders own 45.58% of the company’s stock.

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.