Blue Zone Wealth Advisors LLC Buys Shares of 2,589 Walmart Inc. (NYSE:WMT)

Blue Zone Wealth Advisors LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, HoldingsChannel reports. The firm bought 2,589 shares of the retailer’s stock, valued at approximately $234,000.

Several other institutional investors have also added to or reduced their stakes in the business. VeraBank N.A. boosted its stake in Walmart by 2.7% during the 4th quarter. VeraBank N.A. now owns 4,393 shares of the retailer’s stock valued at $397,000 after purchasing an additional 117 shares during the last quarter. Tcfg Wealth Management LLC boosted its stake in Walmart by 40.2% during the 4th quarter. Tcfg Wealth Management LLC now owns 4,512 shares of the retailer’s stock valued at $408,000 after purchasing an additional 1,293 shares during the last quarter. MN Wealth Advisors LLC boosted its stake in Walmart by 21.6% during the 4th quarter. MN Wealth Advisors LLC now owns 11,494 shares of the retailer’s stock valued at $1,038,000 after purchasing an additional 2,042 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in Walmart by 36.6% during the 4th quarter. Strategic Financial Concepts LLC now owns 26,435 shares of the retailer’s stock valued at $2,388,000 after purchasing an additional 7,079 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Walmart by 19.8% during the 4th quarter. Allworth Financial LP now owns 216,494 shares of the retailer’s stock valued at $20,184,000 after purchasing an additional 35,810 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on WMT. UBS Group increased their target price on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group increased their price target on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. KeyCorp increased their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. TD Cowen increased their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company increased their price target on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $100.53.

Insider Activity

In other news, 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 completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was 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 approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.0 %

Shares of WMT stock opened at $104.04 on Monday. Walmart Inc. has a 52-week low of $55.99 and a 52-week high of $105.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a market capitalization of $835.78 billion, a PE ratio of 42.70, a PEG ratio of 4.25 and a beta of 0.55. The stock has a fifty day simple moving average of $94.99 and a two-hundred day simple moving average of $85.44.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 EPS. On average, analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Walmart Company 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.