WealthCare Investment Partners LLC Acquires Shares of 2,808 Walmart Inc. (NYSE:WMT)

WealthCare Investment Partners LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,808 shares of the retailer’s stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the 3rd quarter worth $26,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the 4th quarter worth $27,000. Voisard Asset Management Group Inc. raised its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the 4th quarter worth $32,000. Finally, Hara Capital LLC acquired a new position in shares of Walmart during the 3rd quarter worth $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $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 ninety days, insiders sold 175,177 shares of company stock valued at $16,403,728. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $103.90 on Thursday. The stock has a fifty day simple moving average of $95.56 and a two-hundred day simple moving average of $86.17. Walmart Inc. has a 1-year low of $57.60 and a 1-year high of $105.30. The firm has a market cap of $834.69 billion, a price-to-earnings ratio of 42.64, a price-to-earnings-growth ratio of 4.39 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the company earned $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WMT shares. UBS Group boosted their price objective on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company boosted their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. BMO Capital Markets boosted their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Sanford C. Bernstein boosted their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. boosted their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. 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. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $101.87.

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.