Opal Wealth Advisors LLC Raises Stake in Walmart Inc. (NYSE:WMT)

Opal Wealth Advisors LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,855 shares of the retailer’s stock after purchasing an additional 202 shares during the period. Opal Wealth Advisors LLC’s holdings in Walmart were worth $710,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after acquiring an additional 2,786,061 shares during the period. FMR LLC lifted its stake in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after acquiring an additional 7,200,004 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Franklin Resources Inc. lifted its stake in shares of Walmart by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after acquiring an additional 1,480,927 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Walmart by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after acquiring an additional 350,881 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of NYSE WMT opened at $102.77 on Tuesday. The company has a market cap of $825.62 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $103.11. 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 50-day simple moving average of $94.07 and a 200-day simple moving average of $84.36.

Walmart (NYSE:WMT) last released its 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the sale, the executive vice president now directly owns 568,626 shares in the company, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WMT shares. Roth Mkm raised their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. 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 note on Tuesday, November 19th. Sanford C. Bernstein raised their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Guggenheim raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.95.

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.