Trueblood Wealth Management LLC Purchases 2,177 Shares of Walmart Inc. (NYSE:WMT)

Trueblood Wealth Management LLC raised its position in shares of Walmart Inc. (NYSE:WMTFree Report) by 17.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,879 shares of the retailer’s stock after buying an additional 2,177 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Walmart were worth $1,344,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. boosted its holdings in shares of Walmart by 77.3% during 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 in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the 4th quarter worth approximately $32,000. Hoese & Co LLP acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $33,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart in the 3rd quarter valued at $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $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 140,177 shares of company stock worth $12,478,149 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. TD Cowen raised 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. Citigroup boosted their target price on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Sanford C. Bernstein increased their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Stifel Nicolaus boosted their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, Piper Sandler increased their target price 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 given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.49.

Get Our Latest Report on Walmart

Walmart Stock Up 0.8 %

WMT opened at $92.02 on Tuesday. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The company has a market cap of $739.19 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $91.15 and a 200 day moving average of $81.46.

Walmart (NYSE:WMTGet Free Report) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping 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 firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

Walmart Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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