Walter & Keenan Wealth Management LLC IN ADV Boosts Stock Position in Walmart Inc. (NYSE:WMT)

Walter & Keenan Wealth Management LLC IN ADV increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 87,221 shares of the retailer’s stock after purchasing an additional 154 shares during the period. Walmart makes up approximately 2.4% of Walter & Keenan Wealth Management LLC IN ADV’s holdings, making the stock its 7th largest position. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Walmart were worth $7,880,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WMT. Jennison Associates LLC increased its holdings in shares of Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. FMR LLC grew its position in Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC increased its stake in Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after acquiring an additional 6,885,106 shares during the period. Geode Capital Management LLC increased its stake in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC lifted its position 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 worth $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

WMT stock opened at $102.45 on Wednesday. The company has a 50 day moving average price of $94.27 and a 200 day moving average price of $84.59. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $103.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market capitalization of $822.98 billion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55.

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

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred 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 in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $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 three months, insiders sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. Piper Sandler boosted their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Guggenheim lifted their price target 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. Roth Mkm increased their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus lifted their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, Citigroup upped their target price on shares of Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday. Two 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.08.

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.