Walmart Inc. (NYSE:WMT) Shares Bought by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. raised its holdings in Walmart Inc. (NYSE:WMT) by 12.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,492 shares of the retailer’s stock after acquiring an additional 738 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Walmart were worth $587,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WMT. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter worth $26,000. Voisard Asset Management Group Inc. boosted its stake in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Hoese & Co LLP acquired a new position in shares of Walmart during the third quarter worth about $33,000. Livelsberger Financial Advisory acquired a new position in shares of Walmart during the third quarter worth about $36,000. Finally, Hara Capital LLC acquired a new stake in Walmart in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on WMT shares. Guggenheim boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley boosted their target price on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised their price target on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. BMO Capital Markets upped 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. Finally, Sanford C. Bernstein raised their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.08.

Walmart Stock Down 1.7 %

Shares of NYSE:WMT opened at $91.39 on Tuesday. The company has a market cap of $734.17 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 4.47 and a beta of 0.55. The firm’s 50-day simple moving average is $90.56 and its 200-day simple moving average is $80.80. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18.

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 analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company 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 company earned $0.51 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Activity at Walmart

In other news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at $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 available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,347 shares of company stock worth $12,311,491 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

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.