Childress Capital Advisors LLC Purchases 586 Shares of Walmart Inc. (NYSE:WMT)

Childress Capital Advisors LLC lifted its position in Walmart Inc. (NYSE:WMT) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,139 shares of the retailer’s stock after buying an additional 586 shares during the period. Childress Capital Advisors LLC’s holdings in Walmart were worth $916,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WMT. Brophy Wealth Management LLC bought a new position in Walmart during the third quarter valued at approximately $2,072,000. Bank of New Hampshire increased its holdings in Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after buying an additional 5,786 shares during the last quarter. Iowa State Bank increased its holdings 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 buying an additional 18,263 shares during the last quarter. Fisher Asset Management LLC increased its holdings 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 buying an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Walmart during the third quarter valued at approximately $541,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on WMT shares. BMO Capital Markets upped their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Truist Financial increased their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Piper Sandler increased their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Tigress Financial increased their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus increased their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.01.

Insider Activity

In related news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The shares were 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 in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock valued at $16,403,728 in the last ninety days. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Up 1.7 %

WMT stock opened at $102.47 on Thursday. 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 twelve month low of $55.85 and a twelve month high of $102.58. The company’s 50 day moving average is $93.46 and its two-hundred day moving average is $83.69. The stock has a market cap of $823.21 billion, a P/E ratio of 42.05, a PEG ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings data 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 net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Walmart Company 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.