Beaumont Financial Advisors LLC Boosts Stake in Walmart Inc. (NYSE:WMT)

Beaumont Financial Advisors LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 33.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,832 shares of the retailer’s stock after acquiring an additional 4,178 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Walmart were worth $1,521,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of WMT. Royal Capital Wealth Management LLC boosted its stake in shares of Walmart by 23.5% during the 2nd quarter. Royal Capital Wealth Management LLC now owns 10,547 shares of the retailer’s stock valued at $714,000 after buying an additional 2,005 shares during the last quarter. Zurich Insurance Group Ltd FI raised its holdings in Walmart by 41.3% in the second quarter. Zurich Insurance Group Ltd FI now owns 2,177,305 shares of the retailer’s stock valued at $147,425,000 after acquiring an additional 636,475 shares in the last quarter. Toronto Dominion Bank raised its holdings in Walmart by 36.6% in the second quarter. Toronto Dominion Bank now owns 2,266,288 shares of the retailer’s stock valued at $153,450,000 after acquiring an additional 606,784 shares in the last quarter. Point72 Hong Kong Ltd boosted its stake in Walmart by 112.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 49,863 shares of the retailer’s stock valued at $3,376,000 after acquiring an additional 26,379 shares during the last quarter. Finally, Blankinship & Foster LLC acquired a new position in Walmart during the 2nd quarter worth $216,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of several research analyst reports. Jefferies Financial Group increased their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. TD Cowen lifted their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Tigress Financial upped their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Wells Fargo & Company boosted their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Finally, UBS Group raised their price target on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Insiders Place Their Bets

In other news, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Wednesday, November 27th. The stock was 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. In the last three months, insiders have sold 97,928 shares of company stock worth $8,978,123. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $93.26 on Thursday. The stock has a fifty day moving average of $91.47 and a 200-day moving average of $81.79. The company has a market capitalization of $749.19 billion, a PE ratio of 38.27, a price-to-earnings-growth ratio of 4.36 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

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.