Panoramic Capital Partners LLC Acquires New Position in Walmart Inc. (NYSE:WMT)

Panoramic Capital Partners LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,558 shares of the retailer’s stock, valued at approximately $412,000. Walmart comprises about 0.4% of Panoramic Capital Partners LLC’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. increased its holdings in Walmart by 77.3% in 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 during the period. Decker Retirement Planning Inc. acquired a new position in Walmart in the 4th quarter worth approximately $32,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart in the 3rd quarter worth approximately $36,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Down 0.5 %

NYSE WMT opened at $102.45 on Wednesday. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $103.11. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business’s fifty day simple moving average is $94.27 and its 200-day simple moving average is $84.59. The firm has a market cap of $822.98 billion, a PE ratio of 42.04, a P/E/G 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 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities 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 have recently commented on WMT shares. Guggenheim raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Citigroup raised their price objective on shares of Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley raised their price objective on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group raised their price objective 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. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $98.08.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 175,177 shares of company stock worth $16,403,728 in the last quarter. Company 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.