Invesco LLC Purchases 124 Shares of Walmart Inc. (NYSE:WMT)

Invesco LLC raised its position in Walmart Inc. (NYSE:WMT) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,950 shares of the retailer’s stock after purchasing an additional 124 shares during the period. Invesco LLC’s holdings in Walmart were worth $989,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in Walmart during the third quarter worth about $26,000. Voisard Asset Management Group Inc. raised its position in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the fourth quarter worth about $32,000. Hoese & Co LLP acquired a new position in shares of Walmart in the 3rd quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walmart in the 3rd quarter valued at approximately $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on WMT shares. KeyCorp lifted their price target on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Jefferies Financial Group upped 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. Stifel Nicolaus increased their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Telsey Advisory Group boosted their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Piper Sandler increased their price objective on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Two investment 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, the company has an average rating of “Moderate Buy” and an average target price of $95.11.

Walmart Price Performance

Shares of WMT opened at $97.97 on Friday. The company’s 50-day moving average is $92.91 and its 200-day moving average is $82.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market capitalization of $787.00 billion, a PE ratio of 40.20, a PEG ratio of 4.46 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $55.04 and a fifty-two week high of $99.00.

Walmart (NYSE:WMT) last released its quarterly 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the firm earned $0.51 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction that occurred 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 transaction, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 137,177 shares of company stock valued at $12,649,328. Insiders own 45.58% of the company’s stock.

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.