Meadow Creek Wealth Advisors LLC Has $2.48 Million Stake in Walmart Inc. (NYSE:WMT)

Meadow Creek Wealth Advisors LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,389 shares of the retailer’s stock after buying an additional 127 shares during the quarter. Walmart comprises approximately 1.8% of Meadow Creek Wealth Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Meadow Creek Wealth Advisors LLC’s holdings in Walmart were worth $2,475,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Jennison Associates LLC increased its stake in Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares in the last quarter. FMR LLC increased its stake in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC increased its stake in Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after purchasing an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC increased its stake in Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Walmart by 4.6% in 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 purchasing an additional 2,107,197 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

WMT has been the subject of several research reports. Roth Mkm increased their price objective on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company increased their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Oppenheimer increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday. 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. Finally, Jefferies Financial Group increased their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Two equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.01.

Walmart Stock Performance

NYSE WMT opened at $101.17 on Friday. The firm has a 50-day moving average of $93.89 and a 200-day moving average of $83.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock has a market cap of $812.73 billion, a PE ratio of 41.52, a P/E/G ratio of 4.49 and a beta of 0.55. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $103.11.

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

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.