626 Financial LLC Increases Position in Walmart Inc. (NYSE:WMT)

626 Financial LLC boosted its position in Walmart Inc. (NYSE:WMT) by 3.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,187 shares of the retailer’s stock after purchasing an additional 379 shares during the period. Walmart comprises about 0.6% of 626 Financial LLC’s portfolio, making the stock its 28th biggest holding. 626 Financial LLC’s holdings in Walmart were worth $1,191,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Affinity Capital Advisors LLC grew its stake in shares of Walmart by 9.5% during the fourth quarter. Affinity Capital Advisors LLC now owns 5,187 shares of the retailer’s stock valued at $471,000 after buying an additional 452 shares during the last quarter. KWB Wealth boosted its holdings in shares of Walmart by 19.0% during the fourth quarter. KWB Wealth now owns 20,117 shares of the retailer’s stock worth $1,818,000 after purchasing an additional 3,206 shares during the period. Breakwater Capital Group lifted its holdings in Walmart by 1.3% in the fourth quarter. Breakwater Capital Group now owns 15,008 shares of the retailer’s stock worth $1,356,000 after buying an additional 197 shares during the period. 180 Wealth Advisors LLC lifted its holdings in Walmart by 7.5% in the fourth quarter. 180 Wealth Advisors LLC now owns 69,564 shares of the retailer’s stock worth $6,285,000 after buying an additional 4,832 shares during the period. Finally, Graves Light Lenhart Wealth Inc. bought a new position in shares of Walmart during the fourth quarter valued at approximately $202,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Roth Mkm boosted their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Telsey Advisory Group lifted their price target on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Royal Bank of Canada lifted their target price on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, StockNews.com downgraded Walmart from a “strong-buy” rating to 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 issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $94.08.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s 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 sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares in the company, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,347 shares of company stock worth $12,311,491. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Down 0.8 %

WMT opened at $90.79 on Wednesday. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market capitalization of $729.35 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 4.47 and a beta of 0.55. The company’s 50 day moving average price is $90.70 and its two-hundred day moving average price is $80.96.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the company earned $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts predict that Walmart Inc. will post 2.47 earnings per share 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.