Elser Financial Planning Inc Acquires New Position in Walmart Inc. (NYSE:WMT)

Elser Financial Planning Inc acquired a new stake in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,385 shares of the retailer’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at about $27,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the third quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at about $32,000. Voisard Asset Management Group Inc. lifted its stake in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the third quarter valued at about $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart 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 transaction of $2,663,098.56. Following 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now directly owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % 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 ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $102.77 on Tuesday. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $103.11. The firm has a 50 day moving average price of $94.07 and a 200 day moving average price of $84.36. The company has a market cap of $825.62 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 4.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share. Sell-side analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WMT. Truist Financial raised their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group lifted their target price on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Tigress Financial lifted their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company lifted their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.95.

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.