Walmart Inc. (NYSE:WMT) Shares Purchased by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,991 shares of the retailer’s stock after acquiring an additional 500 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Walmart were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in shares of Walmart by 3.2% in the 2nd quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer’s stock valued at $25,961,000 after buying an additional 11,816 shares during the period. Commonwealth Financial Services LLC lifted its holdings in Walmart by 159.6% in the second quarter. Commonwealth Financial Services LLC now owns 24,544 shares of the retailer’s stock valued at $1,710,000 after acquiring an additional 15,091 shares during the period. HighVista Strategies LLC boosted its position in shares of Walmart by 24.3% during the 2nd quarter. HighVista Strategies LLC now owns 22,500 shares of the retailer’s stock worth $1,523,000 after purchasing an additional 4,400 shares in the last quarter. Nippon Life Global Investors Americas Inc. grew its stake in shares of Walmart by 34.3% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 185,400 shares of the retailer’s stock worth $12,553,000 after purchasing an additional 47,380 shares during the period. Finally, Beck Capital Management LLC increased its holdings in shares of Walmart by 21.1% in the 2nd quarter. Beck Capital Management LLC now owns 69,472 shares of the retailer’s stock valued at $4,704,000 after purchasing an additional 12,104 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 2.17 % decrease in their ownership of the stock. The sale 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 business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock valued at $12,478,149 over the last 90 days. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Evercore ISI upped their price target on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Tigress Financial upped their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. KeyCorp lifted their price target on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $94.49.

Walmart Stock Performance

Shares of WMT stock opened at $92.02 on Tuesday. The company’s fifty day simple moving average is $91.15 and its 200-day simple moving average is $81.46. 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 Inc. has a 52 week low of $53.44 and a 52 week high of $96.18. The company has a market cap of $739.19 billion, a PE ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last issued 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

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.