Encompass More Asset Management Has $524,000 Holdings in Walmart Inc. (NYSE:WMT)

Encompass More Asset Management raised its stake in Walmart Inc. (NYSE:WMT) by 23.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,803 shares of the retailer’s stock after acquiring an additional 1,091 shares during the quarter. Encompass More Asset Management’s holdings in Walmart were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Impact Partnership Wealth LLC acquired a new stake in Walmart in the 4th quarter valued at about $362,000. Patriot Investment Management Group Inc. increased its position in Walmart by 2.3% in the 4th quarter. Patriot Investment Management Group Inc. now owns 13,634 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 305 shares in the last quarter. LexAurum Advisors LLC increased its position in Walmart by 8.1% in the 4th quarter. LexAurum Advisors LLC now owns 10,829 shares of the retailer’s stock valued at $978,000 after acquiring an additional 810 shares in the last quarter. Rappaport Reiches Capital Management LLC boosted its stake in shares of Walmart by 277.5% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 14,122 shares of the retailer’s stock valued at $1,276,000 after purchasing an additional 10,381 shares during the last quarter. Finally, RFG Advisory LLC boosted its stake in shares of Walmart by 42.3% in the 4th quarter. RFG Advisory LLC now owns 134,268 shares of the retailer’s stock valued at $12,131,000 after purchasing an additional 39,937 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WMT shares. Telsey Advisory Group raised their target price on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Morgan Stanley raised their target price 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. Evercore ISI raised their target price on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Oppenheimer raised their target price on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, StockNews.com lowered shares of Walmart from a “strong-buy” rating to 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.69.

Insider Buying and Selling at Walmart

In related news, Director Robert Edward Jr. Moritz bought 5,446 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,177 shares of company stock worth $12,895,688. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $94.84 on Friday. The company has a market capitalization of $761.90 billion, a PE ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a 50 day simple moving average of $92.02 and a two-hundred day simple moving average of $82.13. 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 fifty-two week low of $53.47 and a fifty-two week high of $96.18.

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, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current 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.