IRON Financial LLC Raises Stock Position in Walmart Inc. (NYSE:WMT)

IRON Financial LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,550 shares of the retailer’s stock after purchasing an additional 203 shares during the quarter. IRON Financial LLC’s holdings in Walmart were worth $411,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dakota Community Bank & Trust NA raised its holdings in Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after buying an additional 110 shares during the period. Kozak & Associates Inc. increased its position in shares of Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after acquiring an additional 113 shares during the period. Summit Financial Wealth Advisors LLC raised its stake in shares of Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after purchasing an additional 118 shares during the last quarter. Lowe Wealth Advisors LLC raised its position in Walmart by 13.5% during the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after buying an additional 121 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC lifted its position in Walmart by 0.9% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 13,903 shares of the retailer’s stock valued at $1,256,000 after purchasing an additional 121 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Up 0.3 %

Shares of NYSE:WMT opened at $97.55 on Thursday. The company has a market cap of $783.66 billion, a PE ratio of 40.03, a P/E/G ratio of 4.42 and a beta of 0.55. The company’s 50 day moving average is $92.50 and its two-hundred day moving average is $82.69. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52 week low of $54.54 and a 52 week high of $98.17.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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 company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Equities analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction that occurred on 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 owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % 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, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 140,177 shares of company stock valued at $12,895,688. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. UBS Group boosted their price objective on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus increased their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Finally, Evercore ISI upped their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Two investment 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $94.69.

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.