Greenup Street Wealth Management LLC Buys 746 Shares of Walmart Inc. (NYSE:WMT)

Greenup Street Wealth Management LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 25.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,676 shares of the retailer’s stock after purchasing an additional 746 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in Walmart were worth $332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WMT. Brophy Wealth Management LLC purchased a new stake in shares of Walmart during the third quarter valued at $2,072,000. Bank of New Hampshire grew its stake in Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Iowa State Bank increased its position in shares of Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares during the period. Fisher Asset Management LLC raised its stake in shares of Walmart by 4.6% during the third 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 in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Walmart in the third quarter valued at approximately $541,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Bank of America increased their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Telsey Advisory Group boosted their price target on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. UBS Group increased 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. TD Cowen boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Tigress Financial increased their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 140,177 shares of company stock valued at $12,895,688. 45.58% of the stock is owned by insiders.

Walmart Stock Up 0.3 %

Shares of WMT stock opened at $97.55 on Thursday. 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 $54.54 and a fifty-two week high of $98.17. The firm has a market capitalization of $783.66 billion, a PE ratio of 40.03, a P/E/G ratio of 4.42 and a beta of 0.55. The stock’s 50-day simple moving average is $92.50 and its 200-day simple moving average is $82.69.

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. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. Equities analysts expect 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.