Walmart Inc. (NYSE:WMT) Shares Purchased by West Wealth Group LLC

West Wealth Group LLC raised its stake in Walmart Inc. (NYSE:WMT) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,980 shares of the retailer’s stock after acquiring an additional 288 shares during the period. West Wealth Group LLC’s holdings in Walmart were worth $450,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. FMR LLC increased its position in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares during the period. Fisher Asset Management LLC increased its position in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Franklin Resources Inc. raised its stake in Walmart by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after acquiring an additional 1,480,927 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Walmart by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after purchasing an additional 350,881 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Trading Up 0.3 %

Walmart stock opened at $97.55 on Thursday. 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 $54.54 and a 12 month high of $98.17. The company’s fifty day simple moving average is $92.50 and its 200-day simple moving average is $82.69. The stock has a market cap of $783.66 billion, a P/E ratio of 40.03, a P/E/G ratio of 4.42 and a beta of 0.55.

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. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. As a group, sell-side analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,177 shares of company stock valued at $12,895,688. 45.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on WMT. UBS Group lifted their price objective on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird upped their price target on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Morgan Stanley raised their price objective on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein lifted their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Two 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 stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $94.69.

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.