Dominguez Wealth Management Solutions Inc. Raises Stake in Walmart Inc. (NYSE:WMT)

Dominguez Wealth Management Solutions Inc. lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 13.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,386 shares of the retailer’s stock after acquiring an additional 750 shares during the period. Dominguez Wealth Management Solutions Inc.’s holdings in Walmart were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Peterson Financial Group Inc. purchased a new stake in Walmart in the third quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the 4th quarter valued at about $32,000. Voisard Asset Management Group Inc. lifted its position in Walmart by 77.3% in the third 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 last quarter. Hoese & Co LLP purchased a new position in Walmart during the third quarter worth about $33,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart during the third quarter valued at about $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $92.02 on Friday. The company’s 50 day simple moving average is $91.15 and its 200-day simple moving average is $81.27. The firm has a market cap of $739.19 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the business posted $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock valued at $12,478,149 in the last ninety days. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Roth Mkm raised their price target on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein boosted their price objective on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Citigroup raised their target price on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, BMO Capital Markets increased their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $94.49.

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.