Emerald Advisors LLC Buys Shares of 2,386 Walmart Inc. (NYSE:WMT)

Emerald Advisors LLC purchased a new position in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,386 shares of the retailer’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in Walmart during the 4th quarter valued at about $27,000. Peterson Financial Group Inc. bought a new position in Walmart during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the fourth quarter worth approximately $32,000. Voisard Asset Management Group Inc. grew its position in Walmart by 77.3% in 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. Finally, Hara Capital LLC purchased a new stake in Walmart during the 3rd quarter valued at $37,000. 26.76% of the stock is owned by institutional investors.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’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 completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction that occurred 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 approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by insiders.

Walmart Stock Up 0.1 %

Shares of NYSE WMT opened at $103.90 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 12-month low of $57.60 and a 12-month high of $105.30. The firm’s 50-day moving average price is $95.56 and its 200-day moving average price is $86.17. The stock has a market capitalization of $834.69 billion, a price-to-earnings ratio of 42.64, a P/E/G ratio of 4.39 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (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 the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research reports. Piper Sandler raised their price target on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Guggenheim upped their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI raised their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, Sanford C. Bernstein upped their target price on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Two 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.87.

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.