Americana Partners LLC Has $33.27 Million Position in Walmart Inc. (NYSE:WMT)

Americana Partners LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 1,890.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 368,238 shares of the retailer’s stock after buying an additional 349,739 shares during the quarter. Walmart comprises 1.4% of Americana Partners LLC’s portfolio, making the stock its 15th biggest position. Americana Partners LLC’s holdings in Walmart were worth $33,270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of WMT. Creative Planning grew its position in shares of Walmart by 4.9% during the 3rd quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock worth $142,973,000 after buying an additional 83,376 shares during the period. Swedbank AB grew its position in shares of Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after buying an additional 18,644 shares during the period. KMG Fiduciary Partners LLC grew its position in shares of Walmart by 3.3% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 19,235 shares of the retailer’s stock worth $1,553,000 after buying an additional 609 shares during the period. Alta Wealth Advisors LLC grew its position in shares of Walmart by 10.1% during the 3rd quarter. Alta Wealth Advisors LLC now owns 14,602 shares of the retailer’s stock worth $1,179,000 after buying an additional 1,339 shares during the period. Finally, AA Financial Advisors LLC grew its position in shares of Walmart by 13.8% during the 3rd quarter. AA Financial Advisors LLC now owns 11,833 shares of the retailer’s stock worth $956,000 after buying an additional 1,433 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Down 1.0 %

WMT opened at $104.04 on Monday. Walmart Inc. has a 1-year low of $55.99 and a 1-year high of $105.30. The stock’s fifty day simple moving average is $94.99 and its 200 day simple moving average is $85.44. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market cap of $835.78 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WMT. JPMorgan Chase & Co. boosted their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Stifel Nicolaus boosted their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Robert W. Baird boosted their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. TD Cowen boosted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Tigress Financial boosted their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Two equities research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $100.53.

Insider Activity at Walmart

In other news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Chojnowski sold 5,600 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 175,177 shares of company stock worth $16,403,728. Company insiders own 45.58% of the company’s stock.

Walmart Company 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.