Chicago Capital LLC Boosts Stake in Walmart Inc. (NYSE:WMT)

Chicago Capital LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,851 shares of the retailer’s stock after buying an additional 1,214 shares during the period. Chicago Capital LLC’s holdings in Walmart were worth $2,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the third quarter worth about $26,000. Fiduciary Advisors Inc. purchased a new position in Walmart during the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. raised its stake in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter worth about $32,000. Finally, Hoese & Co LLP purchased a new position in Walmart during the third quarter worth about $33,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Piper Sandler lifted their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Barclays lifted their price target on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. UBS Group lifted their price target on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Tigress Financial lifted their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.37.

Walmart Stock Up 1.4 %

Shares of NYSE:WMT opened at $100.92 on Wednesday. The company has a market capitalization of $810.71 billion, a PE ratio of 41.42, a P/E/G ratio of 4.49 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $100.95. The firm has a 50 day simple moving average of $93.27 and a 200-day simple moving average of $83.48.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, equities analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, 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 SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were 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 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 disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock worth $12,649,328 in the last 90 days. 45.58% of the stock is owned by insiders.

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.