RMR Wealth Builders Acquires 2,215 Shares of Walmart Inc. (NYSE:WMT)

RMR Wealth Builders raised its stake in shares of Walmart Inc. (NYSE:WMT) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,833 shares of the retailer’s stock after acquiring an additional 2,215 shares during the quarter. RMR Wealth Builders’ holdings in Walmart were worth $2,695,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Outlook Wealth Advisors LLC increased its holdings in shares of Walmart by 1.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 15,058 shares of the retailer’s stock worth $1,360,000 after buying an additional 268 shares in the last quarter. Essex Savings Bank increased its holdings in Walmart by 0.7% during the 4th quarter. Essex Savings Bank now owns 45,773 shares of the retailer’s stock valued at $4,136,000 after purchasing an additional 310 shares in the last quarter. St. Louis Financial Planners Asset Management LLC raised its position in Walmart by 31.8% in the 4th quarter. St. Louis Financial Planners Asset Management LLC now owns 36,719 shares of the retailer’s stock valued at $3,318,000 after purchasing an additional 8,852 shares during the last quarter. BluePath Capital Management LLC grew its holdings in shares of Walmart by 12.2% during the fourth quarter. BluePath Capital Management LLC now owns 14,540 shares of the retailer’s stock worth $1,331,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Sendero Wealth Management LLC increased its stake in shares of Walmart by 5.2% in the fourth quarter. Sendero Wealth Management LLC now owns 4,704 shares of the retailer’s stock valued at $425,000 after buying an additional 231 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WMT. Oppenheimer increased their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Jefferies Financial Group raised their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Tigress Financial upped their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Bank of America lifted their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein upped their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Two equities research 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $94.49.

Walmart Price Performance

WMT stock opened at $91.33 on Friday. The stock has a 50-day moving average price of $90.86 and a two-hundred day moving average price of $81.03. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18. The stock has a market cap of $733.70 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. 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 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. Equities analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Chojnowski sold 5,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, 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. Over the last 90 days, insiders sold 138,347 shares of company stock valued at $12,311,491. Corporate insiders own 45.58% of the company’s stock.

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.