Walmart Inc. (NYSE:WMT) Holdings Raised by Spring Capital Management LLC

Spring Capital Management LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,986 shares of the retailer’s stock after buying an additional 3,510 shares during the quarter. Walmart makes up approximately 4.7% of Spring Capital Management LLC’s portfolio, making the stock its 8th biggest position. Spring Capital Management LLC’s holdings in Walmart were worth $7,950,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. AE Wealth Management LLC raised its stake in Walmart by 36.6% in the second quarter. AE Wealth Management LLC now owns 211,257 shares of the retailer’s stock valued at $14,304,000 after buying an additional 56,658 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Walmart by 3.2% in the 2nd quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer’s stock valued at $25,961,000 after acquiring an additional 11,816 shares during the last quarter. Garden State Investment Advisory Services LLC raised its position in shares of Walmart by 15.9% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 7,644 shares of the retailer’s stock worth $518,000 after acquiring an additional 1,047 shares in the last quarter. Sei Investments Co. lifted its stake in Walmart by 19.3% during the second quarter. Sei Investments Co. now owns 1,541,659 shares of the retailer’s stock worth $104,388,000 after purchasing an additional 249,232 shares during the last quarter. Finally, Chesapeake Wealth Management boosted its holdings in Walmart by 5.5% in the second quarter. Chesapeake Wealth Management now owns 25,795 shares of the retailer’s stock valued at $1,747,000 after purchasing an additional 1,349 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now directly owns 87,404 shares in the company, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock valued at $12,478,149 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $92.02 on Friday. 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 one year low of $53.44 and a one year high of $96.18. The firm has a market capitalization of $739.19 billion, a P/E ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. The company’s fifty day moving average is $91.15 and its two-hundred day moving average is $81.27.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the subject of several recent analyst reports. Oppenheimer boosted their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price target on shares of Walmart in a research report on Wednesday. Barclays raised their price objective on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Melius Research assumed coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price for the company. Finally, Roth Mkm raised their price target on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.49.

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.