Soltis Investment Advisors LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

Soltis Investment Advisors LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,782 shares of the retailer’s stock after buying an additional 2,066 shares during the period. Soltis Investment Advisors LLC’s holdings in Walmart were worth $1,245,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SC&H Financial Advisors Inc. boosted its stake in Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after purchasing an additional 103 shares during the period. Dakota Community Bank & Trust NA raised its position in shares of Walmart by 4.0% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after buying an additional 110 shares during the last quarter. Hobart Private Capital LLC lifted its holdings in shares of Walmart by 1.6% in the fourth quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock worth $626,000 after buying an additional 111 shares in the last quarter. Kozak & Associates Inc. boosted its position in shares of Walmart by 22.3% during the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after acquiring an additional 113 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC boosted its holdings in shares of Walmart by 0.5% during the 3rd 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 during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on 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 sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now directly owns 3,766,491 shares in the company, 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. Insiders have sold a total of 175,177 shares of company stock valued at $16,403,728 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on WMT. Wells Fargo & Company lifted their price target on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Oppenheimer raised their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Tigress Financial upped their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Telsey Advisory Group raised their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.08.

Walmart Trading Down 0.5 %

Walmart stock opened at $102.45 on Wednesday. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $103.11. The firm’s 50 day moving average price is $94.27 and its two-hundred day moving average price is $84.59. The firm has a market cap of $822.98 billion, a price-to-earnings ratio of 42.04, 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 quick ratio of 0.23 and a current ratio of 0.85.

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