Walmart Inc. (NYSE:WMT) Shares Purchased by Magnus Financial Group LLC

Magnus Financial Group LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,039 shares of the retailer’s stock after buying an additional 729 shares during the period. Magnus Financial Group LLC’s holdings in Walmart were worth $1,811,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Finley Financial LLC acquired a new position in shares of Walmart in the 4th quarter valued at $56,000. Advisory Alpha LLC grew its position in Walmart by 3.5% during the 4th quarter. Advisory Alpha LLC now owns 29,408 shares of the retailer’s stock worth $2,657,000 after purchasing an additional 988 shares during the last quarter. West Branch Capital LLC increased its stake in Walmart by 4.5% in the fourth quarter. West Branch Capital LLC now owns 69,915 shares of the retailer’s stock valued at $6,317,000 after purchasing an additional 3,034 shares during the period. Missouri Trust & Investment Co raised its holdings in shares of Walmart by 2.6% in the fourth quarter. Missouri Trust & Investment Co now owns 21,860 shares of the retailer’s stock valued at $1,975,000 after buying an additional 555 shares during the last quarter. Finally, XML Financial LLC boosted its stake in shares of Walmart by 8.4% during the fourth quarter. XML Financial LLC now owns 26,568 shares of the retailer’s stock worth $2,400,000 after buying an additional 2,053 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $93.75 on Friday. The company has a market capitalization of $753.12 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The business has a 50 day simple moving average of $91.62 and a 200-day simple moving average of $81.87. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last announced its quarterly earnings results 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. 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 analysts’ expectations of $167.69 billion. During the same period in the prior year, the firm earned $0.51 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WMT shares. Citigroup boosted their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. TD Cowen upped their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays boosted their price objective on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Morgan Stanley raised their target price on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, KeyCorp boosted their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.69.

Insiders Place Their Bets

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,928 shares of company stock worth $8,978,123. 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.