Walmart Inc. (NYSE:WMT) Shares Bought by AM Investment Strategies LLC

AM Investment Strategies LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,316 shares of the retailer’s stock after purchasing an additional 200 shares during the period. AM Investment Strategies LLC’s holdings in Walmart were worth $2,016,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WMT. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Walmart during the second quarter valued at $270,000. Driehaus Capital Management LLC boosted its stake in shares of Walmart by 25.2% during the 2nd quarter. Driehaus Capital Management LLC now owns 13,461 shares of the retailer’s stock worth $911,000 after purchasing an additional 2,706 shares during the last quarter. Buck Wealth Strategies LLC purchased a new stake in shares of Walmart during the second quarter worth about $7,440,000. Creative Planning raised its position in shares of Walmart by 4.7% in the second quarter. Creative Planning now owns 1,717,367 shares of the retailer’s stock valued at $116,283,000 after buying an additional 76,774 shares during the last quarter. Finally, Copperwynd Financial LLC purchased a new position in shares of Walmart during the second quarter valued at approximately $865,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the subject of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Evercore ISI increased their target price on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. TD Cowen lifted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Telsey Advisory Group increased their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, KeyCorp boosted their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two equities research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Walmart Stock Up 1.1 %

Shares of Walmart stock opened at $94.84 on Monday. Walmart Inc. has a 1-year low of $53.47 and a 1-year high of $96.18. The company has a market capitalization of $761.90 billion, a PE ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55. 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 business has a 50-day moving average of $92.02 and a 200-day moving average of $82.21.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the firm earned $0.51 EPS. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Transactions at Walmart

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,177 shares of company stock valued at $12,895,688. 45.58% of the stock is currently owned by corporate insiders.

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.