Wingate Wealth Advisors Inc. Purchases Shares of 4,852 Walmart Inc. (NYSE:WMT)

Wingate Wealth Advisors Inc. purchased a new stake in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,852 shares of the retailer’s stock, valued at approximately $438,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Ferguson Wellman Capital Management Inc. grew its position in shares of Walmart by 4.8% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 1,064,228 shares of the retailer’s stock valued at $96,153,000 after buying an additional 48,819 shares during the last quarter. Canvas Wealth Advisors LLC boosted its position in shares of Walmart by 1.5% during the 4th quarter. Canvas Wealth Advisors LLC now owns 17,558 shares of the retailer’s stock valued at $1,590,000 after purchasing an additional 260 shares in the last quarter. Angeles Wealth Management LLC boosted its position in shares of Walmart by 14.2% during the 4th quarter. Angeles Wealth Management LLC now owns 13,949 shares of the retailer’s stock valued at $1,260,000 after purchasing an additional 1,734 shares in the last quarter. OMC Financial Services LTD boosted its position in shares of Walmart by 3.6% during the 4th quarter. OMC Financial Services LTD now owns 32,546 shares of the retailer’s stock valued at $2,941,000 after purchasing an additional 1,122 shares in the last quarter. Finally, Legacy Financial Strategies LLC boosted its position in shares of Walmart by 101.9% during the 4th quarter. Legacy Financial Strategies LLC now owns 10,410 shares of the retailer’s stock valued at $937,000 after purchasing an additional 5,253 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 175,177 shares of company stock valued at $16,403,728. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

WMT stock opened at $102.77 on Tuesday. The firm has a market cap of $825.62 billion, a PE ratio of 42.18, a P/E/G ratio of 4.25 and a beta of 0.55. 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 business has a 50 day moving average of $94.07 and a 200-day moving average of $84.36. Walmart Inc. has a 12-month low of $55.85 and a 12-month high of $103.11.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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 return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the company earned $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Bank of America upped their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Guggenheim upped their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and set a $105.00 target price on shares of Walmart in a research report on Wednesday, January 15th. Robert W. Baird upped their price target on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Truist Financial upped their price target on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.95.

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.