Walmart Inc. (NYSE:WMT) Stock Holdings Lifted by Heritage Family Offices LLP

Heritage Family Offices LLP increased its position in Walmart Inc. (NYSE:WMT) by 4.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,405 shares of the retailer’s stock after purchasing an additional 300 shares during the period. Heritage Family Offices LLP’s holdings in Walmart were worth $579,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Enhancement Group LLC purchased a new stake in shares of Walmart in the fourth quarter valued at $366,000. Flywheel Private Wealth LLC purchased a new stake in Walmart in the 4th quarter worth about $607,000. Winch Advisory Services LLC boosted its position in Walmart by 13.1% during the 4th quarter. Winch Advisory Services LLC now owns 11,743 shares of the retailer’s stock worth $1,061,000 after acquiring an additional 1,356 shares during the period. Smith Thornton Advisors LLC grew its stake in Walmart by 11.0% during the 4th quarter. Smith Thornton Advisors LLC now owns 18,448 shares of the retailer’s stock valued at $1,667,000 after acquiring an additional 1,828 shares in the last quarter. Finally, RMR Wealth Builders increased its holdings in shares of Walmart by 8.0% in the 4th quarter. RMR Wealth Builders now owns 29,833 shares of the retailer’s stock valued at $2,695,000 after purchasing an additional 2,215 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WMT. Melius Research initiated coverage on shares of Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective on the stock. Roth Mkm upped their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Truist Financial lifted their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group upped their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Walmart in a report on Wednesday. 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’s stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average target price of $94.49.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 138,347 shares of company stock worth $12,311,491. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.0 %

Shares of Walmart stock opened at $91.33 on Friday. The stock has a market capitalization of $733.70 billion, a P/E ratio of 37.48, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The company has a 50-day simple moving average of $90.86 and a 200 day simple moving average of $81.03. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18.

Walmart (NYSE:WMT) last announced 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 business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the business earned $0.51 EPS. Walmart’s revenue was up 5.5% compared to the same quarter last year. Research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

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.