Walmart Inc. (NYSE:WMT) Shares Acquired by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC lifted its position in Walmart Inc. (NYSE:WMT) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,681 shares of the retailer’s stock after purchasing an additional 4,447 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Walmart were worth $6,038,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WMT. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the third quarter worth about $26,000. Fiduciary Advisors Inc. purchased a new position in Walmart during the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. raised its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter valued at approximately $32,000. Finally, Hoese & Co LLP purchased a new position in Walmart during the third quarter valued at approximately $33,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total value of $1,207,500.00. Following the completion of the sale, the executive vice president now directly owns 579,915 shares of the company’s stock, valued at approximately $53,352,180. This represents a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 175,177 shares of company stock valued at $16,403,728 in the last three months. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Down 1.6 %

WMT opened at $101.17 on Friday. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $103.11. The stock has a market capitalization of $812.73 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 4.49 and a beta of 0.55. 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 business has a fifty day moving average price of $93.89 and a 200 day moving average price of $83.95.

Walmart (NYSE:WMT) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. Sell-side analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on WMT shares. Wells Fargo & Company lifted their price target on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler raised their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. KeyCorp lifted their price target on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Bank of America lifted their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer lifted their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $96.01.

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.