Walmart Inc. (NYSE:WMT) is NovaPoint Capital LLC’s 10th Largest Position

NovaPoint Capital LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,789 shares of the retailer’s stock after purchasing an additional 724 shares during the period. Walmart comprises about 2.1% of NovaPoint Capital LLC’s investment portfolio, making the stock its 10th largest position. NovaPoint Capital LLC’s holdings in Walmart were worth $6,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vision Capital Management Inc. bought a new position in shares of Walmart during the 4th quarter worth $271,000. Robertson Stephens Wealth Management LLC lifted its stake in Walmart by 7.1% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 66,681 shares of the retailer’s stock worth $6,038,000 after acquiring an additional 4,447 shares during the period. Meadow Creek Wealth Advisors LLC grew its holdings in Walmart by 0.5% during the 4th quarter. Meadow Creek Wealth Advisors LLC now owns 27,389 shares of the retailer’s stock worth $2,475,000 after acquiring an additional 127 shares in the last quarter. Inman Jager Wealth Management LLC purchased a new position in Walmart during the 4th quarter valued at about $484,000. Finally, Tyche Wealth Partners LLC raised its holdings in shares of Walmart by 10.5% in the 4th quarter. Tyche Wealth Partners LLC now owns 94,459 shares of the retailer’s stock valued at $8,534,000 after purchasing an additional 9,007 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred 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 directly 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 175,177 shares of company stock valued at $16,403,728. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WMT shares. Oppenheimer increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday. Truist Financial increased their target price on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Roth Mkm boosted their price target on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Telsey Advisory Group raised their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group increased their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $96.01.

Walmart Price Performance

Shares of WMT opened at $101.17 on Friday. The company has a market capitalization of $812.73 billion, a P/E ratio of 41.52, a P/E/G ratio of 4.49 and a beta of 0.55. The business’s 50-day moving average is $93.89 and its two-hundred day moving average is $83.95. 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 fifty-two week low of $55.85 and a fifty-two week high of $103.11.

Walmart (NYSE:WMT) last announced its quarterly 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 company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. 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 posted $0.51 earnings per share. Research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

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.