Focus Financial Network Inc. Has $3.60 Million Stock Position in Walmart Inc. (NYSE:WMT)

Focus Financial Network Inc. increased its position in shares of Walmart Inc. (NYSE:WMT) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,756 shares of the retailer’s stock after buying an additional 4,540 shares during the quarter. Focus Financial Network Inc.’s holdings in Walmart were worth $3,599,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brophy Wealth Management LLC acquired a new position in Walmart during the 3rd quarter worth approximately $2,072,000. Bank of New Hampshire raised its stake in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Iowa State Bank raised its stake in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Walmart in the third quarter worth approximately $541,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. BMO Capital Markets increased their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. KeyCorp increased their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Citigroup increased their price objective on Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.08.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, 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 disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock valued at $16,403,728 over the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $102.45 on Wednesday. Walmart Inc. has a one year low of $55.85 and a one year high of $103.11. The business has a fifty day moving average price of $94.27 and a 200-day moving average price of $84.59. 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 firm has a market capitalization of $822.98 billion, a P/E ratio of 42.04, a PEG ratio of 4.25 and a beta of 0.55.

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