2,280 Shares in Walmart Inc. (NYSE:WMT) Purchased by Clientfirst Wealth Management LLC

Clientfirst Wealth Management LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,280 shares of the retailer’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the third quarter valued at about $26,000. Fiduciary Advisors Inc. bought a new position in Walmart in the 4th quarter valued at about $27,000. Voisard Asset Management Group Inc. increased its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the 4th quarter worth about $32,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the 3rd quarter worth approximately $36,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

NYSE WMT opened at $101.17 on Monday. The company has a 50 day simple moving average of $94.07 and a 200-day simple moving average of $84.26. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $103.11. The firm has a market capitalization of $812.73 billion, a price-to-earnings ratio of 41.52, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the sale, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 175,177 shares of company stock valued at $16,403,728. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Truist Financial raised their price objective 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. Piper Sandler lifted their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. 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. Evercore ISI raised their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Robert W. Baird boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.01.

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.