JB Capital LLC Has $17.39 Million Stock Position in Walmart Inc. (NYSE:WMT)

JB Capital LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 192,450 shares of the retailer’s stock after buying an additional 2,079 shares during the period. Walmart comprises about 1.0% of JB Capital LLC’s portfolio, making the stock its 18th biggest holding. JB Capital LLC’s holdings in Walmart were worth $17,388,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter worth about $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the 4th quarter worth about $27,000. Voisard Asset Management Group Inc. increased its holdings in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in Walmart in the 4th quarter worth about $32,000. Finally, Hoese & Co LLP acquired a new position in Walmart in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on WMT. TD Cowen upped their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets upped their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Oppenheimer upped their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Truist Financial upped their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Piper Sandler upped their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Two 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 a consensus rating of “Moderate Buy” and an average price target of $95.37.

Walmart Stock Up 1.4 %

WMT stock opened at $100.92 on Wednesday. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $100.95. 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 stock’s 50 day moving average is $93.27 and its 200-day moving average is $83.48. The firm has a market capitalization of $810.71 billion, a PE ratio of 41.42, a P/E/G ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping 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 return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. Sell-side analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the sale, the executive vice president now directly owns 568,626 shares in the company, valued at $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares in the company, 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 three months, insiders have sold 137,177 shares of company stock worth $12,649,328. 45.58% of the stock is owned by company 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.