Walmart Inc. (NYSE:WMT) Shares Acquired by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,609 shares of the retailer’s stock after purchasing an additional 120 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Walmart were worth $1,139,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WMT. Geode Capital Management LLC increased its stake in shares of Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. FMR LLC increased its position in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Walmart by 3.7% during the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after purchasing an additional 1,480,927 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake 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 worth $2,522,369,000 after purchasing an additional 350,881 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WMT. Robert W. Baird upped their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a research note on Thursday, November 21st. Truist Financial boosted their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Oppenheimer raised their price target on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, TD Cowen boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two 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 stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average price target of $95.11.

Walmart Trading Down 0.7 %

Shares of WMT stock opened at $97.97 on Friday. Walmart Inc. has a 12 month low of $55.04 and a 12 month high of $99.00. The company has a market cap of $787.00 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.55. 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 business’s 50 day moving average is $92.91 and its two-hundred day moving average is $82.90.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. Equities analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is owned by insiders.

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.