Walmart Inc. (NYSE:WMT) Shares Purchased by PBMares Wealth Management LLC

PBMares Wealth Management LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 0.6% during the fourth quarter, HoldingsChannel reports. The fund owned 30,737 shares of the retailer’s stock after buying an additional 170 shares during the period. Walmart comprises 0.6% of PBMares Wealth Management LLC’s holdings, making the stock its 29th biggest position. PBMares Wealth Management LLC’s holdings in Walmart were worth $2,777,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Sylvest Advisors LLC acquired a new position in Walmart in the fourth quarter valued at approximately $480,000. SYM FINANCIAL Corp lifted its stake in Walmart by 19.4% during the fourth quarter. SYM FINANCIAL Corp now owns 21,516 shares of the retailer’s stock worth $1,944,000 after purchasing an additional 3,498 shares in the last quarter. Precision Wealth Strategies LLC acquired a new position in Walmart during the fourth quarter worth $1,268,000. Tokio Marine Asset Management Co. Ltd. lifted its stake in Walmart by 5.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 129,020 shares of the retailer’s stock worth $11,657,000 after purchasing an additional 6,606 shares in the last quarter. Finally, Independence Bank of Kentucky lifted its stake in Walmart by 32.0% during the fourth quarter. Independence Bank of Kentucky now owns 51,859 shares of the retailer’s stock worth $4,685,000 after purchasing an additional 12,559 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of WMT stock opened at $99.60 on Tuesday. The stock’s 50-day moving average is $93.07 and its two-hundred day moving average is $83.27. The firm has a market cap of $800.13 billion, a price-to-earnings ratio of 40.88, a PEG ratio of 4.49 and a beta of 0.55. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $99.79. 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 announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

Analysts Set New Price Targets

WMT has been the topic of a number of research reports. Oppenheimer upped their price target on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada restated an “outperform” rating and set a $105.00 price target on shares of Walmart in a research note on Wednesday, January 15th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group increased their price objective on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Evercore ISI increased their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Two 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 company’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average price target of $95.37.

Insider Transactions at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,177 shares of company stock worth $12,649,328. Company 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.