Integrity Wealth Solutions LLC Acquires Shares of 2,989 Walmart Inc. (NYSE:WMT)

Integrity Wealth Solutions LLC bought a new position in Walmart Inc. (NYSE:WMT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,989 shares of the retailer’s stock, valued at approximately $271,000.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. FMR LLC increased its stake in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the period. Fisher Asset Management LLC lifted its position in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Walmart by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after buying an additional 1,480,927 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after acquiring an additional 350,881 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several recent research reports. TD Cowen increased their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group lifted their price target on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a report on Wednesday, January 15th. Truist Financial lifted their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research note on Thursday, November 21st. Two 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 company. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,177 shares of company stock valued at $12,895,688. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of NYSE WMT opened at $97.55 on Thursday. The firm has a market capitalization of $783.66 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a one year low of $54.54 and a one year high of $98.17. The business has a fifty day simple moving average of $92.50 and a 200 day simple moving average of $82.69. 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 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 during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Sell-side analysts expect that Walmart Inc. will post 2.48 EPS 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.