Leisure Capital Management Takes Position in Walmart Inc. (NYSE:WMT)

Leisure Capital Management bought a new stake in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,356 shares of the retailer’s stock, valued at approximately $213,000.

Other large investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the 3rd quarter worth about $26,000. Fiduciary Advisors Inc. purchased a new position in Walmart during the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. boosted its holdings in shares of Walmart by 77.3% in 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 during the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at $32,000. Finally, Hoese & Co LLP acquired a new stake in shares of Walmart during the 3rd quarter worth $33,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert Edward Jr. Moritz bought 5,446 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. This represents a 230.86 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 137,177 shares of company stock valued at $12,649,328. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.4 %

NYSE:WMT opened at $100.92 on Wednesday. The company has a market cap of $810.71 billion, a PE ratio of 41.42, a P/E/G ratio of 4.49 and a beta of 0.55. The business’s 50 day moving average is $93.27 and its two-hundred day moving average is $83.48. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $100.95.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating 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 revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. On average, analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Analysts Set New Price Targets

WMT has been the topic of a number of research analyst reports. Roth Mkm lifted their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Guggenheim lifted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company increased their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday. Telsey Advisory Group lifted their price target on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley increased their price objective on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Two research 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $95.37.

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.