CKW Financial Group Grows Stock Position in Walmart Inc. (NYSE:WMT)

CKW Financial Group boosted its position in Walmart Inc. (NYSE:WMT) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,357 shares of the retailer’s stock after buying an additional 300 shares during the period. Walmart makes up approximately 0.1% of CKW Financial Group’s portfolio, making the stock its 29th largest holding. CKW Financial Group’s holdings in Walmart were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in shares of Walmart in the third quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the 4th quarter valued at approximately $32,000. Voisard Asset Management Group Inc. increased its position in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP purchased a new position in shares of Walmart during the 3rd quarter worth approximately $33,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the 3rd quarter valued at approximately $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group increased their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Truist Financial boosted their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. KeyCorp increased their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley boosted their price target on Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.69.

Walmart Trading Down 0.0 %

Shares of WMT stock opened at $97.36 on Wednesday. The firm’s 50-day simple moving average is $92.29 and its 200-day simple moving average is $82.49. 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 Inc. has a 1-year low of $54.51 and a 1-year high of $97.84. The firm has a market cap of $782.16 billion, a P/E ratio of 39.96, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. As a group, equities analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock worth $12,895,688 over the last ninety days. 45.58% of the stock is owned by company insiders.

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.