Finley Financial LLC Purchases Shares of 609 Walmart Inc. (NYSE:WMT)

Finley Financial LLC acquired a new position in Walmart Inc. (NYSE:WMT) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 609 shares of the retailer’s stock, valued at approximately $56,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brophy Wealth Management LLC acquired a new position in shares of Walmart in the 3rd quarter valued at $2,072,000. Bank of New Hampshire grew its holdings in shares of Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after buying an additional 5,786 shares in the last quarter. Iowa State Bank raised its position in Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after buying an additional 18,263 shares during the period. Fisher Asset Management LLC lifted its stake in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Walmart during the 3rd quarter worth about $541,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Up 0.6 %

Shares of WMT opened at $93.75 on Friday. The stock has a fifty day moving average price of $91.62 and a two-hundred day moving average price of $81.87. 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 Inc. has a 52-week low of $53.44 and a 52-week high of $96.18. The company has a market cap of $753.12 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 EPS. Analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research analyst reports. Truist Financial boosted their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a research report on Thursday, November 21st. KeyCorp boosted their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Telsey Advisory Group boosted their target price on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. 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 stock. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $94.69.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated 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 completion of 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. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,928 shares of company stock worth $8,978,123 in the last quarter. 45.58% of the stock is owned by company insiders.

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.