Canvas Wealth Advisors LLC Boosts Stake in Walmart Inc. (NYSE:WMT)

Canvas Wealth Advisors LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,558 shares of the retailer’s stock after buying an additional 260 shares during the period. Canvas Wealth Advisors LLC’s holdings in Walmart were worth $1,590,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Angeles Wealth Management LLC raised its position in shares of Walmart by 14.2% during the 4th quarter. Angeles Wealth Management LLC now owns 13,949 shares of the retailer’s stock worth $1,260,000 after purchasing an additional 1,734 shares during the period. OMC Financial Services LTD grew its holdings in Walmart by 3.6% in the 4th quarter. OMC Financial Services LTD now owns 32,546 shares of the retailer’s stock worth $2,941,000 after buying an additional 1,122 shares in the last quarter. Legacy Financial Strategies LLC grew its holdings in Walmart by 101.9% in the 4th quarter. Legacy Financial Strategies LLC now owns 10,410 shares of the retailer’s stock worth $937,000 after buying an additional 5,253 shares in the last quarter. Washburn Capital Management Inc. bought a new position in Walmart during the 4th quarter valued at $256,000. Finally, Compass Financial Services Inc bought a new position in Walmart during the 4th quarter valued at $234,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Guggenheim raised their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Walmart in a research report on Wednesday, January 15th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company lifted their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, UBS Group boosted their price target on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.95.

Walmart Stock Performance

Shares of WMT stock opened at $102.77 on Tuesday. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $103.11. The firm has a market capitalization of $825.62 billion, a PE ratio of 42.18, a P/E/G ratio of 4.25 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average price of $94.07 and a 200-day moving average price of $84.36.

Walmart (NYSE:WMT) last posted 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 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 analyst estimates of $167.69 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by company insiders.

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.