Relyea Zuckerberg Hanson LLC Has $1.43 Million Stake in Walmart Inc. (NYSE:WMT)

Relyea Zuckerberg Hanson LLC increased its position in Walmart Inc. (NYSE:WMT) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,788 shares of the retailer’s stock after buying an additional 1,034 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Walmart were worth $1,426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the 3rd quarter worth $26,000. Decker Retirement Planning Inc. bought a new stake in Walmart in the fourth quarter worth $32,000. Voisard Asset Management Group Inc. increased 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 worth $32,000 after buying an additional 174 shares during the last quarter. Hoese & Co LLP bought a new position in Walmart during the third quarter valued at about $33,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the third quarter worth about $36,000. 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 stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,177 shares of company stock valued at $12,478,149. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WMT shares. Royal Bank of Canada reissued an “outperform” rating and set a $105.00 price objective on shares of Walmart in a report on Wednesday. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Tigress Financial raised their target price on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Evercore ISI boosted their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.49.

Walmart Stock Performance

Shares of NYSE:WMT opened at $92.02 on Friday. 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’s fifty day moving average price is $91.01 and its two-hundred day moving average price is $81.10. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. The stock has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal 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.