Proactive Wealth Strategies LLC Makes New $1.48 Million Investment in Walmart Inc. (NYSE:WMT)

Proactive Wealth Strategies LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 16,421 shares of the retailer’s stock, valued at approximately $1,484,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new position in Walmart during the 3rd quarter worth about $26,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the 4th quarter valued at about $27,000. Voisard Asset Management Group Inc. boosted its holdings in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Walmart in the 4th quarter valued at about $32,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart in the 3rd quarter valued at about $36,000. 26.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WMT shares. Tigress Financial raised their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Jefferies Financial Group lifted their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Telsey Advisory Group boosted their target price on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, KeyCorp boosted their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.87.

Insider Activity at Walmart

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock valued at $16,403,728 over the last 90 days. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.3 %

Shares of NYSE:WMT opened at $103.73 on Wednesday. The firm’s 50 day moving average price is $95.38 and its 200 day moving average price is $86.05. The stock has a market cap of $833.31 billion, a price-to-earnings ratio of 42.57, a price-to-earnings-growth ratio of 4.30 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $57.60 and a fifty-two week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for 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%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. As a group, equities research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Walmart 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.