Sylvest Advisors LLC Invests $480,000 in Walmart Inc. (NYSE:WMT)

Sylvest Advisors LLC purchased a new stake in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 5,312 shares of the retailer’s stock, valued at approximately $480,000.

Several other institutional investors also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new position in Walmart in the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. purchased a new position in shares of Walmart during the 4th quarter worth $27,000. Voisard Asset Management Group Inc. grew its holdings in shares of Walmart by 77.3% in the third 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 period. Decker Retirement Planning Inc. acquired a new stake in Walmart during the fourth quarter worth about $32,000. Finally, Hoese & Co LLP purchased a new stake in shares of Walmart in the 3rd quarter valued at approximately $33,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $92.47, for a total transaction of $277,410.00. Following the transaction, the executive vice president now owns 375,165 shares in the company, valued at approximately $34,691,507.55. 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 ninety days, insiders have sold 137,177 shares of company stock worth $12,649,328. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WMT shares. Robert W. Baird raised their target price on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Morgan Stanley lifted their price target on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Piper Sandler lifted their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Roth Mkm raised their price target on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Truist Financial raised their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.37.

Walmart Stock Up 1.5 %

WMT stock opened at $99.60 on Tuesday. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $99.79. 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 company has a market cap of $800.13 billion, a price-to-earnings ratio of 40.88, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. The company has a fifty day moving average price of $93.07 and a 200 day moving average price of $83.27.

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

Walmart 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.