Walmart Inc. (NYSE:WMT) Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Walmart Inc. (NYSE:WMT) by 43.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 48,767 shares of the retailer’s stock after purchasing an additional 14,824 shares during the period. Walmart comprises about 0.9% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 14th largest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Walmart were worth $4,406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Peterson Financial Group Inc. purchased a new position in Walmart in the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. lifted its holdings in shares of Walmart by 77.3% in the 3rd 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 last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart in the 3rd quarter valued at about $33,000. Livelsberger Financial Advisory purchased a new position in Walmart during the 3rd quarter worth approximately $36,000. Finally, Hara Capital LLC acquired a new position in Walmart during the third quarter worth approximately $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein increased their price objective on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. UBS Group raised their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley upped their target price on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. KeyCorp boosted their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Barclays upped their price objective on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.49.

Insider Transactions at Walmart

In other news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,347 shares of company stock valued at $12,311,491. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.7 %

Shares of WMT stock opened at $91.39 on Thursday. Walmart Inc. has a one year low of $53.44 and a one year 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. The stock has a fifty day moving average price of $90.70 and a 200 day moving average price of $80.96. The stock has a market cap of $734.17 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last issued 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. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. Analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

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.