Berry Wealth Group LP Has $5.47 Million Stock Position in Walmart Inc. (NYSE:WMT)

Berry Wealth Group LP lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,557 shares of the retailer’s stock after selling 2,194 shares during the quarter. Walmart comprises approximately 8.5% of Berry Wealth Group LP’s holdings, making the stock its 7th largest position. Berry Wealth Group LP’s holdings in Walmart were worth $5,471,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brophy Wealth Management LLC acquired a new position in Walmart in the 3rd quarter valued at approximately $2,072,000. Bank of New Hampshire raised its holdings in Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Iowa State Bank raised its holdings in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Walmart in the 3rd quarter valued at approximately $541,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated 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. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of recent research reports. Barclays increased their target price on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. TD Cowen increased their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Guggenheim increased their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Tigress Financial increased their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group increased their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.37.

Walmart Stock Performance

WMT stock opened at $99.60 on Tuesday. The business’s fifty day moving average is $93.07 and its 200-day moving average is $83.27. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $800.13 billion, a P/E ratio of 40.88, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $99.79.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The business 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 firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Equities research analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

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.