Bleakley Financial Group LLC Has $11.60 Million Position in Walmart Inc. (NYSE:WMT)

Bleakley Financial Group LLC trimmed its position in Walmart Inc. (NYSE:WMT) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,354 shares of the retailer’s stock after selling 4,589 shares during the period. Bleakley Financial Group LLC’s holdings in Walmart were worth $11,597,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Long Run Wealth Advisors LLC increased its stake in Walmart by 4.8% in the fourth quarter. Long Run Wealth Advisors LLC now owns 6,128 shares of the retailer’s stock valued at $554,000 after purchasing an additional 278 shares in the last quarter. NovaPoint Capital LLC grew its holdings in shares of Walmart by 1.0% in the 4th quarter. NovaPoint Capital LLC now owns 75,789 shares of the retailer’s stock valued at $6,848,000 after buying an additional 724 shares during the period. Vision Capital Management Inc. bought a new stake in shares of Walmart in the 4th quarter valued at $271,000. Robertson Stephens Wealth Management LLC raised its stake in Walmart by 7.1% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 66,681 shares of the retailer’s stock worth $6,038,000 after buying an additional 4,447 shares during the period. Finally, Meadow Creek Wealth Advisors LLC lifted its holdings in Walmart by 0.5% during the fourth quarter. Meadow Creek Wealth Advisors LLC now owns 27,389 shares of the retailer’s stock worth $2,475,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $101.17 on Friday. Walmart Inc. has a 12-month low of $55.85 and a 12-month high of $103.11. The firm has a market capitalization of $812.73 billion, a price-to-earnings ratio of 41.52, a P/E/G ratio of 4.49 and a beta of 0.55. The stock’s 50 day moving average price is $93.89 and its two-hundred day moving average price is $83.95. 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 (NYSE:WMT) last posted its quarterly earnings results 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 business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the business earned $0.51 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Transactions at Walmart

In other news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

WMT has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a report on Thursday, November 21st. Piper Sandler upped their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Sanford C. Bernstein raised their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Truist Financial upped their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.01.

Walmart 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.