GSB Wealth Management LLC Purchases 127 Shares of Walmart Inc. (NYSE:WMT)

GSB Wealth Management LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,543 shares of the retailer’s stock after purchasing an additional 127 shares during the quarter. GSB Wealth Management LLC’s holdings in Walmart were worth $410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMT. Grimes & Company Inc. boosted its holdings in Walmart by 8.3% in the fourth quarter. Grimes & Company Inc. now owns 16,298 shares of the retailer’s stock valued at $1,472,000 after acquiring an additional 1,243 shares during the last quarter. Lantz Financial LLC boosted its holdings in Walmart by 3.3% in the fourth quarter. Lantz Financial LLC now owns 9,845 shares of the retailer’s stock worth $890,000 after acquiring an additional 311 shares in the last quarter. Linden Thomas Advisory Services LLC raised its holdings in Walmart by 14.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 39,927 shares of the retailer’s stock worth $3,607,000 after buying an additional 5,029 shares during the last quarter. Fifth Third Bancorp raised its holdings in Walmart by 0.9% during the fourth quarter. Fifth Third Bancorp now owns 2,550,517 shares of the retailer’s stock worth $230,439,000 after buying an additional 22,989 shares during the last quarter. Finally, DGS Capital Management LLC boosted its holdings in Walmart by 14.3% during the 4th quarter. DGS Capital Management LLC now owns 22,381 shares of the retailer’s stock worth $2,022,000 after acquiring an additional 2,801 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WMT. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a research note on Thursday, November 21st. Oppenheimer upped their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. KeyCorp raised their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, UBS Group upped their price target on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Walmart Stock Up 1.1 %

Shares of NYSE WMT opened at $94.84 on Monday. The business’s fifty day simple moving average is $92.02 and its 200-day simple moving average is $82.21. The stock has a market cap of $761.90 billion, a P/E ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12-month low of $53.47 and a 12-month high of $96.18. 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 (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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 company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly 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. In the last ninety days, insiders have sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is currently owned by 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.