Eclectic Associates Inc. ADV Buys 548 Shares of Walmart Inc. (NYSE:WMT)

Eclectic Associates Inc. ADV increased its stake in Walmart Inc. (NYSE:WMT) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,397 shares of the retailer’s stock after purchasing an additional 548 shares during the period. Eclectic Associates Inc. ADV’s holdings in Walmart were worth $488,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Wolff Financial Management LLC acquired a new stake in shares of Walmart in the 4th quarter valued at $200,000. Wheelhouse Advisory Group LLC increased its position in Walmart by 14.4% in the fourth quarter. Wheelhouse Advisory Group LLC now owns 5,048 shares of the retailer’s stock worth $456,000 after purchasing an additional 636 shares during the period. Midwest Financial Group LLC acquired a new stake in Walmart in the fourth quarter worth about $217,000. Exchange Traded Concepts LLC boosted its stake in shares of Walmart by 63.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 231,630 shares of the retailer’s stock valued at $20,928,000 after purchasing an additional 89,627 shares during the last quarter. Finally, CX Institutional grew its position in shares of Walmart by 8.4% during the 4th quarter. CX Institutional now owns 83,116 shares of the retailer’s stock worth $7,510,000 after buying an additional 6,451 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $94.84 on Friday. The company has a 50 day moving average of $92.02 and a 200-day moving average of $82.13. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $761.90 billion, a P/E ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a twelve month low of $53.47 and a twelve month high of $96.18.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WMT has been the topic of several analyst reports. Truist Financial increased their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. TD Cowen increased 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. Wells Fargo & Company lifted their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Piper Sandler upped their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Barclays increased their target price on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.69.

Insider Buying and Selling

In related 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 transaction of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,177 shares of company stock worth $12,895,688. Corporate insiders own 45.58% of the company’s stock.

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.