Oceanside Advisors LLC Takes $218,000 Position in Walmart Inc. (NYSE:WMT)

Oceanside Advisors LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,410 shares of the retailer’s stock, valued at approximately $218,000.

Other institutional investors have also recently modified their holdings of the company. Creative Planning grew its position in Walmart by 4.9% during the 3rd quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock worth $142,973,000 after acquiring an additional 83,376 shares during the last quarter. Swedbank AB grew its position in Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after acquiring an additional 18,644 shares during the last quarter. Prospect Financial Services LLC bought a new position in Walmart during the 3rd quarter worth approximately $285,000. First United Bank & Trust grew its position in Walmart by 8.7% during the 3rd quarter. First United Bank & Trust now owns 8,555 shares of the retailer’s stock worth $691,000 after acquiring an additional 685 shares during the last quarter. Finally, Acorn Creek Capital LLC bought a new position in Walmart during the 3rd quarter worth approximately $258,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock valued at $16,403,728 over the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.1 %

WMT stock opened at $103.62 on Thursday. Walmart Inc. has a 1-year low of $55.85 and a 1-year high of $103.90. The business has a fifty day moving average price of $94.45 and a 200-day moving average price of $84.82. 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 stock has a market capitalization of $832.42 billion, a P/E ratio of 42.53, a P/E/G ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 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 company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. Equities analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of recent analyst reports. TD Cowen lifted their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Bank of America lifted their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Stifel Nicolaus lifted their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. UBS Group lifted their price objective on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Truist Financial lifted their price objective on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday. Two equities research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.56.

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.