Walmart Inc. (NYSE:WMT) Shares Bought by Alterna Wealth Management Inc.

Alterna Wealth Management Inc. grew its position in Walmart Inc. (NYSE:WMT) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,563 shares of the retailer’s stock after buying an additional 500 shares during the quarter. Alterna Wealth Management Inc.’s holdings in Walmart were worth $503,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WMT. Czech National Bank boosted its position in shares of Walmart by 8.7% in the third quarter. Czech National Bank now owns 884,820 shares of the retailer’s stock worth $71,449,000 after acquiring an additional 70,808 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Walmart by 32.5% in the 3rd quarter. GAMMA Investing LLC now owns 71,684 shares of the retailer’s stock valued at $5,788,000 after purchasing an additional 17,593 shares in the last quarter. WealthBridge Capital Management LLC bought a new stake in Walmart in the third quarter valued at about $336,000. Diversified Trust Co grew its position in shares of Walmart by 4.8% during the 3rd quarter. Diversified Trust Co now owns 129,449 shares of the retailer’s stock valued at $10,453,000 after buying an additional 5,983 shares during the last quarter. Finally, Everpar Advisors LLC increased its position in Walmart by 2.3% in the third quarter. Everpar Advisors LLC now owns 20,373 shares of the retailer’s stock worth $1,645,000 after buying an additional 449 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,177 shares of company stock worth $12,649,328. 45.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WMT shares. BMO Capital Markets lifted their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Telsey Advisory Group boosted their target price on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Sanford C. Bernstein raised their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Evercore ISI boosted their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Guggenheim increased their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report 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 issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.37.

Walmart Stock Up 1.5 %

WMT opened at $99.60 on Tuesday. The firm has a market cap of $800.13 billion, a price-to-earnings ratio of 40.88, a PEG ratio of 4.49 and a beta of 0.55. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $99.79. The firm’s 50-day simple moving average is $93.07 and its 200-day simple moving average is $83.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last released its 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 company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Walmart Inc. will post 2.48 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.