Raleigh Capital Management Inc. Raises Stock Position in Walmart Inc. (NYSE:WMT)

Raleigh Capital Management Inc. increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,855 shares of the retailer’s stock after purchasing an additional 741 shares during the period. Raleigh Capital Management Inc.’s holdings in Walmart were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in WMT. Drucker Wealth 3.0 LLC acquired a new stake in Walmart during the second quarter valued at $275,000. Deerfield Management Company L.P. Series C grew its position in Walmart by 84.2% during the second quarter. Deerfield Management Company L.P. Series C now owns 10,384 shares of the retailer’s stock valued at $703,000 after buying an additional 4,747 shares during the period. MBB Public Markets I LLC grew its position in Walmart by 2,233.2% during the second quarter. MBB Public Markets I LLC now owns 314,186 shares of the retailer’s stock valued at $21,274,000 after buying an additional 300,720 shares during the period. Mackenzie Financial Corp grew its position in Walmart by 0.8% during the second quarter. Mackenzie Financial Corp now owns 4,592,715 shares of the retailer’s stock valued at $310,973,000 after buying an additional 34,588 shares during the period. Finally, Legal & General Group Plc grew its position in Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after buying an additional 644,353 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the sale, the executive vice president now directly owns 579,915 shares of the company’s stock, valued at $53,352,180. This represents a 2.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now 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 disclosure for this purchase can be found here. In the last three months, insiders have sold 140,177 shares of company stock valued at $12,895,688. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several analyst reports. Citigroup raised their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Roth Mkm lifted their target price on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Barclays lifted their target price 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. Guggenheim lifted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird lifted their target price on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Two investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Walmart Price Performance

Shares of WMT stock opened at $94.84 on Friday. 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 firm’s 50-day moving average is $91.81 and its two-hundred day moving average is $81.95. Walmart Inc. has a 12 month low of $53.47 and a 12 month high of $96.18. The company has a market capitalization of $761.90 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for 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 business’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. Analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

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.