Watts Gwilliam & Co. LLC Buys 4,806 Shares of Walmart Inc. (NYSE:WMT)

Watts Gwilliam & Co. LLC lifted its position in Walmart Inc. (NYSE:WMT) by 24.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,260 shares of the retailer’s stock after acquiring an additional 4,806 shares during the period. Watts Gwilliam & Co. LLC’s holdings in Walmart were worth $2,203,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new position in shares of Walmart during the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. lifted its holdings in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Hoese & Co LLP bought a new position in Walmart during the third quarter worth $33,000. Livelsberger Financial Advisory acquired a new position in shares of Walmart in the third quarter valued at $36,000. Finally, Hara Capital LLC bought a new position in shares of Walmart in the third quarter valued at about $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the transaction, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. The trade was a 0.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,412 shares of company stock valued at $12,478,116. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

Shares of WMT stock opened at $91.65 on Friday. The business’s 50-day moving average price is $90.16 and its 200-day moving average price is $80.29. Walmart Inc. has a 12 month low of $52.58 and a 12 month high of $96.18. 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 $736.26 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last posted 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. The firm 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 for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. Equities research analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. Oppenheimer upped their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Piper Sandler upped their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Evercore ISI lifted their price target on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, TD Cowen lifted their price objective 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 analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $93.95.

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.