Walmart Inc. (NYSE:WMT) Shares Acquired by Scarborough Advisors LLC

Scarborough Advisors LLC raised its stake in Walmart Inc. (NYSE:WMT) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,584 shares of the retailer’s stock after buying an additional 109 shares during the quarter. Scarborough Advisors LLC’s holdings in Walmart were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BXM Wealth LLC bought a new stake in Walmart during the fourth quarter worth approximately $859,000. PUREfi Wealth LLC purchased a new position in Walmart during the 4th quarter worth approximately $2,336,000. ABC Arbitrage SA purchased a new position in Walmart during the 4th quarter worth approximately $1,370,000. Quadrant Private Wealth Management LLC grew its position in Walmart by 1.1% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 33,325 shares of the retailer’s stock worth $3,018,000 after purchasing an additional 365 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. grew its holdings in shares of Walmart by 5.7% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 159,289 shares of the retailer’s stock valued at $14,392,000 after acquiring an additional 8,660 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Down 1.0 %

Walmart stock opened at $104.04 on Friday. The company has a market cap of $835.78 billion, a P/E ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 1-year low of $55.99 and a 1-year high of $105.30. The company has a fifty day simple moving average of $94.99 and a 200 day simple moving average of $85.33. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

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 company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the firm posted $0.51 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WMT has been the subject of several analyst reports. Truist Financial lifted their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. BMO Capital Markets boosted their target price on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Bank of America upped their target price on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Two investment 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock valued at $16,403,728 in the last quarter. 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.