Financial Advocates Investment Management Has $1.93 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Financial Advocates Investment Management lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 10.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,381 shares of the retailer’s stock after acquiring an additional 2,082 shares during the period. Financial Advocates Investment Management’s holdings in Walmart were worth $1,932,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at $27,000. Peterson Financial Group Inc. bought a new position in Walmart during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter valued at about $32,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Finally, Hoese & Co LLP acquired a new stake in shares of Walmart during the third quarter worth approximately $33,000. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on WMT shares. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research report on Thursday, November 21st. Morgan Stanley upped their price target on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Telsey Advisory Group raised their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Piper Sandler upped their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, UBS Group increased their price target on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average price target of $96.01.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’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 transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock valued at $16,403,728 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

WMT stock opened at $101.17 on Friday. Walmart Inc. has a 1-year low of $55.85 and a 1-year high of $103.11. 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 cap of $812.73 billion, a PE ratio of 41.52, a P/E/G ratio of 4.49 and a beta of 0.55. The business’s 50-day moving average price is $93.89 and its two-hundred day moving average price is $83.95.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating 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 business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the firm earned $0.51 EPS. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts forecast 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.