Highview Capital Management LLC DE Acquires 1,720 Shares of Walmart Inc. (NYSE:WMT)

Highview Capital Management LLC DE increased its holdings in Walmart Inc. (NYSE:WMT) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,945 shares of the retailer’s stock after acquiring an additional 1,720 shares during the quarter. Walmart comprises about 1.3% of Highview Capital Management LLC DE’s investment portfolio, making the stock its 23rd biggest holding. Highview Capital Management LLC DE’s holdings in Walmart were worth $3,338,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. 5T Wealth LLC purchased a new position in Walmart during the fourth quarter valued at $1,165,000. Human Investing LLC bought a new position in Walmart in the 4th quarter worth about $66,000. Meredith Wealth Planning purchased a new stake in Walmart during the 4th quarter valued at about $237,000. KLCM Advisors Inc. increased its stake in Walmart by 22.3% during the 4th quarter. KLCM Advisors Inc. now owns 10,695 shares of the retailer’s stock valued at $966,000 after purchasing an additional 1,949 shares in the last quarter. Finally, Rational Advisors LLC raised its holdings in Walmart by 3.4% in the fourth quarter. Rational Advisors LLC now owns 59,898 shares of the retailer’s stock worth $5,412,000 after buying an additional 1,943 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on WMT. Truist Financial increased their price target on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. increased their target price on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Bank of America lifted their target price on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. BMO Capital Markets upped their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus lifted their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $100.53.

Walmart Price Performance

NYSE WMT opened at $104.04 on Tuesday. 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 Inc. has a 12 month low of $55.99 and a 12 month high of $105.30. The stock has a market cap of $835.78 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 4.25 and a beta of 0.55. The company’s 50 day moving average is $94.99 and its two-hundred day moving average is $85.56.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. As a group, research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Buying and Selling at Walmart

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

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.