ST Germain D J Co. Inc. Acquires 2,394 Shares of Walmart Inc. (NYSE:WMT)

ST Germain D J Co. Inc. lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 183,276 shares of the retailer’s stock after purchasing an additional 2,394 shares during the period. ST Germain D J Co. Inc.’s holdings in Walmart were worth $16,559,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Brophy Wealth Management LLC bought a new position in shares of Walmart in the third quarter worth approximately $2,072,000. Bank of New Hampshire boosted its position in Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after buying an additional 5,786 shares during the period. Iowa State Bank grew its holdings in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Walmart during the third quarter valued at about $541,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the transaction, the executive vice president now owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,412 shares of company stock valued at $12,478,116 in the last three months. 45.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a report on Thursday, November 21st. Melius Research started coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. Tigress Financial boosted their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Piper Sandler boosted their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Two equities research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.08.

Walmart Trading Up 1.0 %

Shares of WMT traded up $0.91 during midday trading on Friday, hitting $92.71. 6,716,752 shares of the stock were exchanged, compared to its average volume of 11,841,860. Walmart Inc. has a 52-week low of $53.39 and a 52-week high of $96.18. 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 stock has a fifty day simple moving average of $90.16 and a 200 day simple moving average of $80.29. The firm has a market cap of $744.78 billion, a P/E ratio of 38.05, a P/E/G ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the firm posted $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Walmart Inc. will post 2.47 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.