Hofer & Associates. Inc Has $811,000 Stock Position in Walmart Inc. (NYSE:WMT)

Hofer & Associates. Inc boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,976 shares of the retailer’s stock after acquiring an additional 420 shares during the quarter. Hofer & Associates. Inc’s holdings in Walmart were worth $811,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dakota Community Bank & Trust NA raised its holdings in Walmart by 4.0% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after purchasing an additional 110 shares during the period. Kozak & Associates Inc. grew its holdings in shares of Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after buying an additional 113 shares during the period. Summit Financial Wealth Advisors LLC increased its position in shares of Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares in the last quarter. Hanson & Doremus Investment Management raised its stake in Walmart by 1.0% during the 4th quarter. Hanson & Doremus Investment Management now owns 12,609 shares of the retailer’s stock worth $1,139,000 after buying an additional 120 shares during the period. Finally, Lowe Wealth Advisors LLC lifted its holdings in Walmart by 13.5% during the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after acquiring an additional 121 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 0.7 %

WMT stock opened at $97.97 on Monday. Walmart Inc. has a 1-year low of $55.04 and a 1-year high of $99.00. The business’s 50 day simple moving average is $93.07 and its 200 day simple moving average is $83.19. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $787.00 billion, a PE ratio of 40.20, a PEG ratio of 4.46 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating 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 net margin of 2.92% and a return on equity of 21.78%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. As a group, research analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WMT. Piper Sandler raised their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Barclays raised their target price on shares of Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Stifel Nicolaus upped their price target on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Royal Bank of Canada restated an “outperform” rating and set a $105.00 price objective on shares of Walmart in a report on Wednesday, January 15th. Finally, Guggenheim upped their target price 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. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.11.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were 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 directly 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. Insiders sold 137,177 shares of company stock worth $12,649,328 over the last three months. Insiders own 45.58% of the company’s stock.

Walmart Company 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.