Walmart Inc. (NYSE:WMT) Shares Acquired by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 5.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,849 shares of the retailer’s stock after buying an additional 485 shares during the period. Revolve Wealth Partners LLC’s holdings in Walmart were worth $800,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peterson Financial Group Inc. bought a new stake in Walmart in the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in Walmart in the 4th quarter valued at about $32,000. Voisard Asset Management Group Inc. lifted its position in 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 purchasing an additional 174 shares during the last quarter. Hoese & Co LLP bought a new stake in Walmart in the 3rd quarter valued at about $33,000. Finally, Livelsberger Financial Advisory bought a new stake in Walmart in the 3rd quarter valued at about $36,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

Walmart stock opened at $97.55 on Thursday. The firm’s 50 day simple moving average is $92.50 and its 200-day simple moving average is $82.69. The company has a market cap of $783.66 billion, a P/E ratio of 40.03, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $54.54 and a fifty-two week high of $98.17.

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

Analysts Set New Price Targets

WMT has been the topic of several recent research reports. Truist Financial lifted their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Stifel Nicolaus lifted their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Jefferies Financial Group boosted their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Sanford C. Bernstein boosted their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, UBS Group boosted their price target on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $94.69.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the sale, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,177 shares of company stock valued at $12,895,688. Corporate insiders own 45.58% of the company’s stock.

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.