Adamsbrown Wealth Consultants LLC Purchases 135 Shares of Walmart Inc. (NYSE:WMT)

Adamsbrown Wealth Consultants LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,256 shares of the retailer’s stock after purchasing an additional 135 shares during the period. Walmart comprises 0.6% of Adamsbrown Wealth Consultants LLC’s portfolio, making the stock its 23rd biggest position. Adamsbrown Wealth Consultants LLC’s holdings in Walmart were worth $1,830,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in WMT. Brophy Wealth Management LLC purchased a new position in Walmart during the 3rd quarter worth $2,072,000. Bank of New Hampshire lifted its position in Walmart by 13.7% during 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 during the period. Iowa State Bank lifted its position in Walmart by 213.8% during the 4th 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 lifted its holdings in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Walmart in the 3rd quarter valued at about $541,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the sale, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,177 shares of company stock worth $12,649,328 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of analyst reports. Barclays upped their price target on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Sanford C. Bernstein boosted their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Piper Sandler upped their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Bank of America increased their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Telsey Advisory Group increased their price objective on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.37.

Walmart Stock Up 1.4 %

Walmart stock opened at $100.92 on Wednesday. The company has a market capitalization of $810.71 billion, a P/E ratio of 41.42, a P/E/G ratio of 4.49 and a beta of 0.55. Walmart Inc. has a 1-year low of $55.85 and a 1-year high of $100.95. 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’s fifty day simple moving average is $93.27 and its 200-day simple moving average is $83.48.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

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.