Walmart Inc. (NYSE:WMT) Shares Bought by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC grew its stake in Walmart Inc. (NYSE:WMT) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,882 shares of the retailer’s stock after buying an additional 1,046 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Walmart were worth $1,710,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of WMT. Kera Capital Partners Inc. purchased a new position in Walmart during the fourth quarter valued at approximately $206,000. Krilogy Financial LLC grew its stake in shares of Walmart by 29.3% during the 4th quarter. Krilogy Financial LLC now owns 67,031 shares of the retailer’s stock worth $6,056,000 after purchasing an additional 15,190 shares during the period. TruWealth Advisors LLC increased its holdings in shares of Walmart by 2.8% during the 4th quarter. TruWealth Advisors LLC now owns 33,406 shares of the retailer’s stock valued at $3,018,000 after purchasing an additional 923 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Walmart by 18.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 111,987 shares of the retailer’s stock valued at $10,118,000 after purchasing an additional 17,799 shares during the period. Finally, HB Wealth Management LLC lifted its stake in shares of Walmart by 1.3% in the 4th quarter. HB Wealth Management LLC now owns 349,637 shares of the retailer’s stock valued at $31,591,000 after purchasing an additional 4,592 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,177 shares of company stock worth $12,478,149. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a report on Wednesday, January 15th. Guggenheim lifted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Piper Sandler increased 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. BMO Capital Markets boosted their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Tigress Financial upped their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. 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 company has an average rating of “Moderate Buy” and an average target price of $94.49.

Walmart Stock Performance

NYSE:WMT opened at $92.02 on Monday. The company’s 50-day moving average is $91.15 and its two-hundred day moving average is $81.37. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.41 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, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. Analysts forecast that Walmart Inc. will post 2.47 EPS for the current 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.