Burney Co. Has $20.04 Million Holdings in Walmart Inc. (NYSE:WMT)

Burney Co. grew its stake in Walmart Inc. (NYSE:WMT) by 16.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 221,846 shares of the retailer’s stock after buying an additional 31,664 shares during the period. Burney Co.’s holdings in Walmart were worth $20,044,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. Brophy Wealth Management LLC acquired a new position in shares of Walmart during the 3rd quarter worth about $2,072,000. Bank of New Hampshire lifted its position in shares of Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Iowa State Bank increased its stake in Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares during the period. Fisher Asset Management LLC increased its stake in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC bought a new position in Walmart during the third quarter valued at about $541,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,347 shares of company stock worth $12,311,491. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WMT shares. Morgan Stanley boosted their price target on Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Guggenheim boosted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group upped their price objective on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Two investment 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, Walmart presently has an average rating of “Moderate Buy” and an average price target of $94.49.

Walmart Price Performance

WMT stock opened at $91.39 on Thursday. The stock has a 50-day moving average price of $90.70 and a two-hundred day moving average price of $80.96. The stock has a market cap of $734.17 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during 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%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. Equities analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal 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.