Walmart Inc. (NYSE:WMT) Shares Purchased by Riggs Asset Managment Co. Inc.

Riggs Asset Managment Co. Inc. lifted its position in Walmart Inc. (NYSE:WMT) by 0.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 75,331 shares of the retailer’s stock after acquiring an additional 427 shares during the period. Walmart accounts for 1.8% of Riggs Asset Managment Co. Inc.’s investment portfolio, making the stock its 18th biggest holding. Riggs Asset Managment Co. Inc.’s holdings in Walmart were worth $6,823,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. FMR LLC boosted its holdings in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Walmart by 3.7% in the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after purchasing an additional 1,480,927 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Walmart by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after purchasing an additional 350,881 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WMT shares. Barclays increased their target price on shares of Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Oppenheimer increased their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company increased their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday. Royal Bank of Canada reissued an “outperform” rating and set a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Finally, Truist Financial increased their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two equities research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.37.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction 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. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,177 shares of company stock valued at $12,649,328 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $99.60 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock has a market capitalization of $800.13 billion, a P/E ratio of 40.88, a PEG ratio of 4.49 and a beta of 0.55. The company has a 50 day moving average price of $93.07 and a 200 day moving average price of $83.27. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $99.79.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during 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 quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS. Equities research analysts forecast that Walmart Inc. will post 2.48 EPS for the current 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.