Transform Wealth LLC Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Transform Wealth LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 11.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 218,511 shares of the retailer’s stock after purchasing an additional 22,556 shares during the quarter. Walmart comprises about 1.1% of Transform Wealth LLC’s holdings, making the stock its 16th biggest holding. Transform Wealth LLC’s holdings in Walmart were worth $19,787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chesley Taft & Associates LLC grew its stake in Walmart by 10.1% during the 4th quarter. Chesley Taft & Associates LLC now owns 4,748 shares of the retailer’s stock worth $429,000 after purchasing an additional 435 shares in the last quarter. Alpha Cubed Investments LLC grew its position in shares of Walmart by 2.1% during the fourth quarter. Alpha Cubed Investments LLC now owns 30,061 shares of the retailer’s stock worth $2,716,000 after buying an additional 610 shares in the last quarter. Perpetual Ltd increased its stake in shares of Walmart by 106.2% during the fourth quarter. Perpetual Ltd now owns 26,297 shares of the retailer’s stock worth $2,376,000 after buying an additional 13,541 shares during the period. First United Bank & Trust raised its holdings in Walmart by 4.8% in the fourth quarter. First United Bank & Trust now owns 8,967 shares of the retailer’s stock valued at $810,000 after acquiring an additional 412 shares in the last quarter. Finally, Charles Schwab Trust Co lifted its stake in Walmart by 5.5% in the fourth quarter. Charles Schwab Trust Co now owns 19,176 shares of the retailer’s stock worth $1,733,000 after acquiring an additional 1,003 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred 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 owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,928 shares of company stock valued at $8,978,123 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. Barclays increased their price objective on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Wells Fargo & Company raised their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Jefferies Financial Group upped their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. BMO Capital Markets raised their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Roth Mkm upped their price target on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two equities 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $94.69.

Walmart Stock Up 0.2 %

Shares of NYSE:WMT opened at $93.26 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm’s 50-day simple moving average is $91.47 and its 200-day simple moving average is $81.79. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. The company has a market cap of $749.19 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 4.36 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the company posted $0.51 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts predict that Walmart Inc. will post 2.47 earnings per share 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.