5,418 Shares in Walmart Inc. (NYSE:WMT) Bought by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. bought a new stake in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,418 shares of the retailer’s stock, valued at approximately $490,000.

A number of other large investors have also added to or reduced their stakes in the company. FOCUS Wealth Advisors LLC increased its position in shares of Walmart by 733.1% during the 4th quarter. FOCUS Wealth Advisors LLC now owns 21,960 shares of the retailer’s stock valued at $1,984,000 after purchasing an additional 19,324 shares during the last quarter. Trueblood Wealth Management LLC grew its position in Walmart by 17.1% during the fourth quarter. Trueblood Wealth Management LLC now owns 14,879 shares of the retailer’s stock valued at $1,344,000 after acquiring an additional 2,177 shares during the last quarter. Scott Capital Advisors LLC bought a new position in Walmart during the fourth quarter valued at approximately $209,000. Lincoln Capital LLC raised its stake in shares of Walmart by 4.4% during the fourth quarter. Lincoln Capital LLC now owns 21,501 shares of the retailer’s stock worth $1,943,000 after acquiring an additional 903 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its holdings in shares of Walmart by 6.0% in the 4th quarter. Diversify Advisory Services LLC now owns 20,310 shares of the retailer’s stock worth $1,889,000 after acquiring an additional 1,152 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,177 shares of company stock valued at $12,478,149. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

NYSE WMT opened at $92.02 on Tuesday. The stock has a market cap of $739.19 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The company’s 50 day moving average is $91.15 and its two-hundred day moving average is $81.46. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

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

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. KeyCorp lifted their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Stifel Nicolaus boosted their target price on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Truist Financial raised their price target on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, BMO Capital Markets raised their target price on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $94.49.

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.