Beacon Investment Advisory Services Inc. Has $488,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Beacon Investment Advisory Services Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,399 shares of the retailer’s stock after buying an additional 224 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Walmart were worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of WMT. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the 3rd quarter valued at $26,000. Voisard Asset Management Group Inc. boosted its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in Walmart in the fourth quarter valued at about $32,000. Hoese & Co LLP acquired a new position in Walmart in the 3rd quarter worth about $33,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart during the 3rd quarter worth about $36,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on WMT. Morgan Stanley boosted their price target on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday. TD Cowen raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein lifted their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Bank of America increased their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Piper Sandler boosted their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,177 shares of company stock valued at $12,895,688. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of NYSE WMT opened at $94.84 on Friday. Walmart Inc. has a one year low of $53.47 and a one year 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. The business has a fifty day simple moving average of $91.81 and a 200 day simple moving average of $81.95. The firm has a market capitalization of $761.90 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55.

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

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.