Rockline Wealth Management LLC Acquires 2,369 Shares of Walmart Inc. (NYSE:WMT)

Rockline Wealth Management LLC increased its position in Walmart Inc. (NYSE:WMT) by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 47,129 shares of the retailer’s stock after buying an additional 2,369 shares during the period. Walmart comprises approximately 1.1% of Rockline Wealth Management LLC’s holdings, making the stock its 26th largest position. Rockline Wealth Management LLC’s holdings in Walmart were worth $4,258,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WMT. Dakota Community Bank & Trust NA lifted its stake in Walmart by 4.0% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after purchasing an additional 110 shares in the last quarter. Kozak & Associates Inc. boosted its stake in shares of Walmart by 22.3% during the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after purchasing an additional 113 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its stake in shares of Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after purchasing an additional 118 shares in the last quarter. Hanson & Doremus Investment Management lifted its position in Walmart by 1.0% during the fourth quarter. Hanson & Doremus Investment Management now owns 12,609 shares of the retailer’s stock valued at $1,139,000 after acquiring an additional 120 shares during the last quarter. Finally, Lowe Wealth Advisors LLC raised its holdings in shares of 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 buying an additional 121 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Evercore ISI raised their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Roth Mkm boosted their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Tigress Financial increased their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Guggenheim boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a report on Thursday, November 21st. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $96.01.

Walmart Stock Performance

Shares of WMT opened at $102.47 on Thursday. 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 50-day simple moving average of $93.46 and a 200-day simple moving average of $83.69. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $102.58. The company has a market capitalization of $823.21 billion, a PE ratio of 42.05, a P/E/G ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last posted 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 net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal 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.