RMR Wealth Builders Has $2.70 Million Position in Walmart Inc. (NYSE:WMT)

RMR Wealth Builders boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,833 shares of the retailer’s stock after buying an additional 2,215 shares during the period. RMR Wealth Builders’ holdings in Walmart were worth $2,695,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bahl & Gaynor Inc. lifted its stake in Walmart by 3.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 119,625 shares of the retailer’s stock valued at $8,100,000 after acquiring an additional 3,556 shares in the last quarter. Cibc World Market Inc. boosted its holdings in Walmart by 58.5% during the second quarter. Cibc World Market Inc. now owns 2,901,459 shares of the retailer’s stock worth $196,458,000 after purchasing an additional 1,070,943 shares during the last quarter. Y.D. More Investments Ltd increased its stake in Walmart by 31.0% in the 2nd quarter. Y.D. More Investments Ltd now owns 39,517 shares of the retailer’s stock valued at $2,676,000 after buying an additional 9,347 shares during the last quarter. Achmea Investment Management B.V. lifted its position in shares of Walmart by 4.0% during the 2nd quarter. Achmea Investment Management B.V. now owns 856,406 shares of the retailer’s stock worth $57,987,000 after buying an additional 32,880 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd purchased a new position in shares of Walmart in the 2nd quarter worth approximately $217,000. 26.76% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,412 shares of company stock worth $12,478,116 over the last 90 days. 45.58% of the stock is currently owned by insiders.

Walmart Stock Up 1.3 %

NYSE:WMT traded up $1.23 during mid-day trading on Friday, hitting $93.03. 18,128,486 shares of the company’s stock were exchanged, compared to its average volume of 13,793,515. Walmart Inc. has a one year low of $53.39 and a one year high of $96.18. The business has a fifty day moving average price of $90.16 and a 200 day moving average price of $80.29. The company has a market cap of $747.35 billion, a PE ratio of 38.18, a P/E/G ratio of 4.47 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 posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company 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%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. Equities analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BMO Capital Markets lifted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Truist Financial boosted their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company lifted their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group boosted their price objective on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.08.

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.