Boston Financial Mangement LLC Has $2.76 Million Position in Walmart Inc. (NYSE:WMT)

Boston Financial Mangement LLC grew its position in Walmart Inc. (NYSE:WMT) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,519 shares of the retailer’s stock after purchasing an additional 1,245 shares during the period. Boston Financial Mangement LLC’s holdings in Walmart were worth $2,757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. Peterson Financial Group Inc. acquired a new stake in Walmart during the 3rd quarter worth $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. lifted its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the 4th quarter valued at approximately $32,000. Finally, Hara Capital LLC bought a new stake in Walmart during the 3rd quarter worth approximately $37,000. 26.76% of the stock is owned by institutional investors.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This represents a 12.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

WMT has been the topic of a number of research reports. Truist Financial lifted their price target on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Oppenheimer upped their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Telsey Advisory Group lifted their price target on Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research report on Thursday, November 21st. Finally, Citigroup lifted their target price on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Two investment 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $101.87.

Walmart Price Performance

NYSE:WMT opened at $103.90 on Thursday. The company has a market cap of $834.69 billion, a P/E ratio of 42.64, a P/E/G ratio of 4.39 and a beta of 0.55. The firm’s fifty day moving average price is $95.56 and its two-hundred day moving average price is $86.17. Walmart Inc. has a one year low of $57.60 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 EPS. Equities analysts expect that Walmart Inc. will post 2.48 earnings per share for the current 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.