Walmart Inc. (NYSE:WMT) Shares Acquired by Peterson Wealth Services

Peterson Wealth Services boosted its holdings in Walmart Inc. (NYSE:WMT) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,147 shares of the retailer’s stock after purchasing an additional 985 shares during the quarter. Peterson Wealth Services’ holdings in Walmart were worth $3,176,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. Axecap Investments LLC boosted its stake in Walmart by 5.4% in the fourth quarter. Axecap Investments LLC now owns 44,942 shares of the retailer’s stock valued at $4,061,000 after acquiring an additional 2,310 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of Walmart in the 4th quarter worth approximately $6,351,000. Bonfire Financial bought a new stake in shares of Walmart in the 4th quarter worth approximately $288,000. Focus Financial Network Inc. boosted its position in Walmart by 12.9% during the 4th quarter. Focus Financial Network Inc. now owns 39,756 shares of the retailer’s stock valued at $3,599,000 after purchasing an additional 4,540 shares during the period. Finally, POM Investment Strategies LLC grew its stake in Walmart by 10.7% during the 4th quarter. POM Investment Strategies LLC now owns 1,466 shares of the retailer’s stock worth $132,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’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 transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock valued at $16,403,728 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WMT. KeyCorp raised their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Citigroup lifted their price objective on shares of Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday. Evercore ISI upped their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Oppenheimer lifted their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company increased their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Two research 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. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $98.08.

Walmart Stock Performance

Shares of NYSE WMT opened at $102.45 on Wednesday. The stock’s fifty day simple moving average is $94.27 and its 200 day simple moving average is $84.59. The stock has a market capitalization of $822.98 billion, a price-to-earnings ratio of 42.04, a PEG ratio of 4.25 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $103.11.

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

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.