Certified Advisory Corp Increases Stock Position in Walmart Inc. (NYSE:WMT)

Certified Advisory Corp increased its position in shares of Walmart Inc. (NYSE:WMT) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,084 shares of the retailer’s stock after purchasing an additional 209 shares during the quarter. Certified Advisory Corp’s holdings in Walmart were worth $2,176,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP purchased a new stake in shares of Walmart during the 3rd quarter valued at $33,000. Livelsberger Financial Advisory bought a new stake in shares of Walmart during the 3rd quarter worth $36,000. Finally, Hara Capital LLC purchased a new position in shares of Walmart in the 3rd quarter worth about $37,000. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price 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. The trade was a 230.86 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. The trade was a 2.26 % 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 three months. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Tigress Financial lifted their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Wells Fargo & Company upped their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Telsey Advisory Group raised their target price on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $105.00 price target on shares of Walmart in a research report on Wednesday. Finally, Roth Mkm lifted their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $94.49.

Walmart Stock Performance

NYSE:WMT opened at $92.02 on Friday. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. The company 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. The business has a 50 day moving average of $91.01 and a 200 day moving average of $81.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates 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 in the prior year, the business posted $0.51 earnings per share. On average, sell-side analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Walmart 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.