Avondale Wealth Management Buys 450 Shares of Walmart Inc. (NYSE:WMT)

Avondale Wealth Management raised its stake in Walmart Inc. (NYSE:WMT) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,150 shares of the retailer’s stock after acquiring an additional 450 shares during the period. Walmart comprises 0.6% of Avondale Wealth Management’s holdings, making the stock its 24th largest position. Avondale Wealth Management’s holdings in Walmart were worth $1,007,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Kozak & Associates Inc. boosted its position in Walmart by 22.3% during 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 boosted its holdings in shares of Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after purchasing an additional 118 shares during the period. Providence Wealth Advisors LLC grew its stake in shares of Walmart by 0.3% in the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after purchasing an additional 122 shares during the last quarter. 3Chopt Investment Partners LLC increased its holdings in Walmart by 0.4% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after purchasing an additional 124 shares during the period. Finally, CAP Partners LLC lifted its holdings in Walmart by 2.1% in the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after buying an additional 125 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

WMT stock traded up $1.14 on Friday, hitting $92.94. The company had a trading volume of 4,854,679 shares, compared to its average volume of 11,493,839. The stock has a market cap of $746.62 billion, a price-to-earnings ratio of 38.14, a P/E/G ratio of 4.47 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. The stock’s 50-day simple moving average is $90.16 and its 200 day simple moving average is $80.29. Walmart Inc. has a 12-month low of $53.39 and a 12-month high of $96.18.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $167.69 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 140,412 shares of company stock valued at $12,478,116 in the last quarter. 45.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on WMT. Evercore ISI boosted their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Piper Sandler boosted their price objective 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. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research report on Thursday, November 21st. Finally, Telsey Advisory Group raised their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus target price of $94.08.

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.