Walmart Inc. (NYSE:WMT) Shares Acquired by Massachusetts Wealth Management

Massachusetts Wealth Management lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,604 shares of the retailer’s stock after buying an additional 800 shares during the period. Walmart makes up approximately 1.5% of Massachusetts Wealth Management’s holdings, making the stock its 19th largest position. Massachusetts Wealth Management’s holdings in Walmart were worth $2,494,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Daymark Wealth Partners LLC lifted its position in Walmart by 4.2% in the third quarter. Daymark Wealth Partners LLC now owns 149,659 shares of the retailer’s stock valued at $12,085,000 after purchasing an additional 6,023 shares during the period. CWM LLC lifted its position in Walmart by 1.8% in the third quarter. CWM LLC now owns 931,526 shares of the retailer’s stock valued at $75,221,000 after purchasing an additional 16,749 shares during the period. Abner Herrman & Brock LLC lifted its position in Walmart by 1.0% in the third quarter. Abner Herrman & Brock LLC now owns 206,455 shares of the retailer’s stock valued at $16,671,000 after purchasing an additional 2,098 shares during the period. Marcum Wealth LLC lifted its position in Walmart by 1.2% in the third quarter. Marcum Wealth LLC now owns 25,536 shares of the retailer’s stock valued at $2,062,000 after purchasing an additional 297 shares during the period. Finally, Wedmont Private Capital lifted its position in Walmart by 4.3% in the third quarter. Wedmont Private Capital now owns 55,842 shares of the retailer’s stock valued at $4,417,000 after purchasing an additional 2,320 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 0.4 %

WMT stock opened at $102.86 on Friday. The stock has a market capitalization of $826.30 billion, a P/E ratio of 42.21, a PEG ratio of 4.49 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a one year low of $55.85 and a one year high of $103.02. The company has a 50 day moving average price of $93.67 and a two-hundred day moving average price of $83.82.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. As a group, sell-side analysts expect that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WMT shares. TD Cowen raised 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. Sanford C. Bernstein lifted their price target on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Robert W. Baird lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” 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 research report on Tuesday, November 19th. Finally, Tigress Financial lifted their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.01.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock worth $16,403,728 in the last quarter. 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.