Walmart Inc. (NYSE:WMT) Shares Acquired by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 16.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,871 shares of the retailer’s stock after buying an additional 1,977 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Walmart were worth $1,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dakota Community Bank & Trust NA grew its position in shares of Walmart by 4.0% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after acquiring an additional 110 shares during the last quarter. Kozak & Associates Inc. grew its position in Walmart by 22.3% in 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 in the last quarter. Summit Financial Wealth Advisors LLC grew its position in Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares in the last quarter. Hanson & Doremus Investment Management grew its position in Walmart by 1.0% in the 4th quarter. Hanson & Doremus Investment Management now owns 12,609 shares of the retailer’s stock valued at $1,139,000 after buying an additional 120 shares in the last quarter. Finally, Lowe Wealth Advisors LLC lifted its holdings in Walmart by 13.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after acquiring an additional 121 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 0.7 %

NYSE:WMT opened at $97.97 on Monday. Walmart Inc. has a fifty-two week low of $55.04 and a fifty-two week high of $99.00. 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 $787.00 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.55. The business’s 50-day simple moving average is $93.07 and its 200-day simple moving average is $83.19.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WMT shares. TD Cowen upped their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Evercore ISI upped their price target on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Roth Mkm upped their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group upped their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Piper Sandler upped their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.11.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,177 shares of company stock worth $12,649,328. Corporate insiders own 45.58% of the company’s stock.

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.