Walmart Inc. (NYSE:WMT) Shares Acquired by Avion Wealth

Avion Wealth boosted its stake in Walmart Inc. (NYSE:WMT) by 39.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,469 shares of the retailer’s stock after acquiring an additional 1,821 shares during the quarter. Avion Wealth’s holdings in Walmart were worth $584,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Creative Planning lifted its position in shares of Walmart by 4.9% in the third quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock valued at $142,973,000 after acquiring an additional 83,376 shares in the last quarter. Swedbank AB raised its stake in Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after purchasing an additional 18,644 shares during the last quarter. Prospect Financial Services LLC purchased a new position in Walmart in the 3rd quarter valued at $285,000. First United Bank & Trust boosted its stake in Walmart by 8.7% during the 3rd quarter. First United Bank & Trust now owns 8,555 shares of the retailer’s stock worth $691,000 after purchasing an additional 685 shares during the last quarter. Finally, Acorn Creek Capital LLC acquired a new stake in Walmart during the 3rd quarter worth $258,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This represents a 0.40 % 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, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % 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 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several research reports. Robert W. Baird raised their price target on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Wells Fargo & Company raised their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI increased their price target on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, BMO Capital Markets boosted 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. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.56.

Walmart Price Performance

WMT opened at $103.62 on Thursday. The stock’s 50-day moving average price is $94.45 and its 200 day moving average price is $84.82. Walmart Inc. has a 12-month low of $55.85 and a 12-month high of $103.90. The firm has a market cap of $832.42 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 4.25 and a beta of 0.55. 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 (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for 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%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. As a group, sell-side analysts expect that Walmart Inc. will post 2.48 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.