Walmart Inc. (NYSE:WMT) Shares Bought by Heartwood Wealth Advisors LLC

Heartwood Wealth Advisors LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,808 shares of the retailer’s stock after purchasing an additional 360 shares during the period. Heartwood Wealth Advisors LLC’s holdings in Walmart were worth $796,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. raised its position in Walmart by 77.3% in the third 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 period. Hoese & Co LLP acquired a new position in shares of Walmart in the 3rd quarter valued at $33,000. Livelsberger Financial Advisory purchased a new position in shares of Walmart during the 3rd quarter worth $36,000. Finally, Hara Capital LLC acquired a new stake in shares of Walmart during the 3rd quarter worth about $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Up 1.9 %

WMT stock traded up $1.70 on Friday, hitting $93.50. 11,773,728 shares of the company were exchanged, compared to its average volume of 12,693,666. The stock has a market capitalization of $751.12 billion, a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The business’s fifty day moving average is $90.16 and its two-hundred day moving average is $80.29. Walmart Inc. has a twelve month low of $53.39 and a twelve month high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

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

Analyst Ratings Changes

WMT has been the subject of a number of research reports. Truist Financial lifted their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. UBS Group increased their price objective on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Telsey Advisory Group upped their price target on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Citigroup lifted their price objective on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Stifel Nicolaus upped their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.08.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP David Chojnowski sold 5,600 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the sale, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,412 shares of company stock worth $12,478,116 in the last 90 days. 45.58% of the stock is owned by company insiders.

Walmart 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.