2,361 Shares in Walmart Inc. (NYSE:WMT) Bought by NorthStar Asset Management LLC NJ

NorthStar Asset Management LLC NJ purchased a new stake in Walmart Inc. (NYSE:WMT) during the 4th quarter, Holdings Channel reports. The fund purchased 2,361 shares of the retailer’s stock, valued at approximately $213,000.

Other hedge funds also recently bought and sold shares of the company. Dakota Community Bank & Trust NA boosted its position in Walmart by 4.0% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after acquiring an additional 110 shares during the last quarter. Kozak & Associates Inc. lifted its stake in shares of Walmart by 22.3% during the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after purchasing an additional 113 shares during the period. Summit Financial Wealth Advisors LLC boosted its holdings in shares of Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after purchasing an additional 118 shares during the last quarter. Lowe Wealth Advisors LLC grew its position in shares of Walmart by 13.5% in the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after purchasing an additional 121 shares during the period. Finally, Moody Lynn & Lieberson LLC increased its stake in Walmart by 0.9% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 13,903 shares of the retailer’s stock valued at $1,256,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $98.61 on Friday. The company has a market cap of $792.15 billion, a PE ratio of 40.47, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12 month low of $55.04 and a 12 month high of $98.93. The company has a fifty day moving average price of $92.71 and a two-hundred day moving average price of $82.79. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on WMT. Barclays lifted their price target on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Tigress Financial upped their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group lifted 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. Robert W. Baird upped their price objective on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley lifted their target price on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Two investment 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $94.69.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the completion of the transaction, the executive vice president now owns 579,915 shares in the company, valued at approximately $53,352,180. This represents a 2.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,177 shares of company stock worth $12,649,328. 45.58% of the stock is currently owned by company insiders.

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.