Sargent Investment Group LLC Has $7.39 Million Position in Walmart Inc. (NYSE:WMT)

Sargent Investment Group LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,760 shares of the retailer’s stock after buying an additional 3,836 shares during the period. Walmart comprises 1.2% of Sargent Investment Group LLC’s holdings, making the stock its 22nd largest position. Sargent Investment Group LLC’s holdings in Walmart were worth $7,392,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new position in shares of Walmart in the third quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the fourth quarter worth $32,000. Voisard Asset Management Group Inc. raised its position 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 acquiring an additional 174 shares in the last quarter. Finally, Hoese & Co LLP acquired a new stake in Walmart in the third quarter valued at $33,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on WMT shares. Morgan Stanley boosted their price objective on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Wells Fargo & Company upped their price objective on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday. KeyCorp lifted their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial increased their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Oppenheimer lifted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.01.

Walmart Trading Up 0.4 %

Shares of NYSE WMT opened at $102.86 on Friday. The stock has a market cap of $826.30 billion, a P/E ratio of 42.21, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. The firm has a 50 day moving average price of $93.67 and a two-hundred day moving average price of $83.82. 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 Inc. has a 52-week low of $55.85 and a 52-week high of $103.02.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Insider Buying and Selling

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the transaction, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction 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 directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % 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. 45.58% of the stock is owned by company insiders.

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.