Walmart Inc. (NYSE:WMT) Shares Purchased by Drive Wealth Management LLC

Drive Wealth Management LLC raised its stake in Walmart Inc. (NYSE:WMT) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,859 shares of the retailer’s stock after purchasing an additional 368 shares during the quarter. Drive Wealth Management LLC’s holdings in Walmart were worth $1,527,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WMT. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart during the 4th quarter worth $32,000. Voisard Asset Management Group Inc. increased its stake in Walmart by 77.3% during the 3rd 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 period. Hoese & Co LLP bought a new stake in shares of Walmart in the 3rd quarter worth about $33,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart in the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of several research reports. Roth Mkm lifted their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. UBS Group boosted their target price on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Evercore ISI increased their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. BMO Capital Markets increased their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus increased their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Two research 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $94.69.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on 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 $348,825,769.20. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Chojnowski sold 5,600 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock valued at $12,895,688 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $97.39 on Tuesday. Walmart Inc. has a 12 month low of $54.51 and a 12 month high of $97.46. The company’s fifty day moving average is $92.02 and its 200-day moving average is $82.29. 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 firm has a market cap of $782.38 billion, a price-to-earnings ratio of 39.97, a price-to-earnings-growth ratio of 4.42 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 (EPS) 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 for the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the business posted $0.51 EPS. Walmart’s revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that Walmart Inc. will post 2.48 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.