Floyd Financial Group LLC Acquires Shares of 16,919 Walmart Inc. (NYSE:WMT)

Floyd Financial Group LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, HoldingsChannel reports. The fund bought 16,919 shares of the retailer’s stock, valued at approximately $1,574,000. Walmart accounts for about 1.3% of Floyd Financial Group LLC’s investment portfolio, making the stock its 24th biggest holding.

Other large investors have also made changes to their positions in the company. Peterson Financial Group Inc. acquired a new position in Walmart during the third quarter worth $26,000. Voisard Asset Management Group Inc. raised its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP acquired a new position in shares of Walmart during the 3rd quarter valued at about $33,000. Livelsberger Financial Advisory purchased a new stake in shares of Walmart in the third quarter valued at about $36,000. Finally, Hara Capital LLC purchased a new stake in shares of Walmart in the third quarter valued at about $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of WMT opened at $90.79 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. The firm has a 50-day simple moving average of $90.70 and a 200-day simple moving average of $80.96. The company has a market capitalization of $729.35 billion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on WMT shares. Royal Bank of Canada boosted their target price on shares of Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Piper Sandler upped their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Evercore ISI raised their target price on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. BMO Capital Markets lifted their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.08.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares in the company, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 138,347 shares of company stock worth $12,311,491 over the last 90 days. 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.