SeaCrest Wealth Management LLC Acquires 10,769 Shares of Walmart Inc. (NYSE:WMT)

SeaCrest Wealth Management LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 19.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 66,068 shares of the retailer’s stock after purchasing an additional 10,769 shares during the period. Walmart comprises approximately 0.6% of SeaCrest Wealth Management LLC’s portfolio, making the stock its 21st biggest position. SeaCrest Wealth Management LLC’s holdings in Walmart were worth $5,969,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kozak & Associates Inc. grew its position in shares of Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after buying an additional 113 shares during the period. Summit Financial Wealth Advisors LLC grew its holdings in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after purchasing an additional 118 shares during the period. Lowe Wealth Advisors LLC grew its holdings in Walmart by 13.5% in the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after purchasing an additional 121 shares during the period. Providence Wealth Advisors LLC increased its stake in shares of Walmart by 0.3% during the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after purchasing an additional 122 shares in the last quarter. Finally, 3Chopt Investment Partners LLC lifted its holdings in shares of Walmart by 0.4% during the third quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after purchasing an additional 124 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Down 0.8 %

Shares of Walmart stock opened at $90.79 on Wednesday. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. The company’s fifty day simple moving average is $90.70 and its 200-day simple moving average is $80.96. 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 stock has a market capitalization of $729.35 billion, a PE ratio of 37.26, a P/E/G ratio of 4.47 and a beta of 0.55.

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

Insider Activity

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now directly owns 87,404 shares in the company, valued at $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,347 shares of company stock valued at $12,311,491 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WMT shares. Wells Fargo & Company raised their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Tigress Financial raised their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Robert W. Baird upped 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. Morgan Stanley raised their price objective on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, TD Cowen upped their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.08.

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.