Rooted Wealth Advisors Inc. Has $394,000 Stake in Walmart Inc. (NYSE:WMT)

Rooted Wealth Advisors Inc. boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,344 shares of the retailer’s stock after buying an additional 110 shares during the quarter. Rooted Wealth Advisors Inc.’s holdings in Walmart were worth $394,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Palacios Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter worth approximately $516,000. Root Financial Partners LLC bought a new position in Walmart during the 4th quarter worth approximately $366,000. Walkner Condon Financial Advisors LLC lifted its position in shares of Walmart by 2.4% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 5,087 shares of the retailer’s stock worth $460,000 after purchasing an additional 118 shares during the period. Catalyst Financial Partners LLC boosted its stake in shares of Walmart by 2.3% in the 4th quarter. Catalyst Financial Partners LLC now owns 23,395 shares of the retailer’s stock valued at $2,114,000 after purchasing an additional 516 shares during the last quarter. Finally, Guardian Asset Advisors LLC increased its position in shares of Walmart by 5.6% during the fourth quarter. Guardian Asset Advisors LLC now owns 31,906 shares of the retailer’s stock worth $2,883,000 after buying an additional 1,686 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 in the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 1.0 %

WMT stock opened at $104.04 on Friday. The stock has a market cap of $835.78 billion, a P/E ratio of 42.70, a P/E/G ratio of 4.25 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $94.83 and its two-hundred day simple moving average is $85.09. Walmart Inc. has a 1-year low of $55.99 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last issued 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 company 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 earned $0.51 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WMT. Stifel Nicolaus upped their price target 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. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 target price on shares of Walmart in a report on Wednesday, January 15th. Truist Financial increased their price target on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, KeyCorp lifted their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Two investment 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. According to data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average target price of $99.17.

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.