RoundAngle Advisors LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

RoundAngle Advisors LLC purchased a new position in Walmart Inc. (NYSE:WMT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,468 shares of the retailer’s stock, valued at approximately $2,211,000. Walmart makes up approximately 2.1% of RoundAngle Advisors LLC’s investment portfolio, making the stock its 16th biggest holding.

Several other hedge funds have also bought and sold shares of WMT. Annex Advisory Services LLC increased its holdings in shares of Walmart by 2.1% in the 4th quarter. Annex Advisory Services LLC now owns 16,288 shares of the retailer’s stock worth $1,472,000 after buying an additional 328 shares during the last quarter. Brady Martz Wealth Solutions LLC bought a new stake in shares of Walmart in the 4th quarter worth about $204,000. Bernardo Wealth Planning LLC increased its holdings in shares of Walmart by 2.3% in the 4th quarter. Bernardo Wealth Planning LLC now owns 6,919 shares of the retailer’s stock worth $644,000 after buying an additional 155 shares during the last quarter. Renaissance Investment Group LLC increased its holdings in shares of Walmart by 24.8% in the 4th quarter. Renaissance Investment Group LLC now owns 5,873 shares of the retailer’s stock worth $531,000 after buying an additional 1,166 shares during the last quarter. Finally, Artemis Investment Management LLP increased its holdings in shares of Walmart by 37.9% in the 4th quarter. Artemis Investment Management LLP now owns 856,625 shares of the retailer’s stock worth $77,396,000 after buying an additional 235,289 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Tigress Financial boosted their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Roth Mkm boosted their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Piper Sandler upped their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Truist Financial upped their price target on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup upped their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two 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.com, Walmart presently has an average rating of “Moderate Buy” and an average target price of $94.49.

Walmart Trading Up 0.8 %

NYSE:WMT opened at $92.02 on Tuesday. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18. The firm has a 50 day moving average of $91.15 and a 200 day moving average of $81.46. 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 stock has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its earnings results 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 analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock worth $12,478,149 in the last 90 days. 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.