VCI Wealth Management LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

VCI Wealth Management LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,978 shares of the retailer’s stock after purchasing an additional 1,942 shares during the quarter. Walmart makes up 1.1% of VCI Wealth Management LLC’s holdings, making the stock its 24th largest position. VCI Wealth Management LLC’s holdings in Walmart were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Peterson Financial Group Inc. purchased a new stake in Walmart in the third quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the fourth quarter valued at about $32,000. Voisard Asset Management Group Inc. raised its stake in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the last quarter. Hoese & Co LLP purchased a new stake in Walmart in the third quarter valued at about $33,000. Finally, Livelsberger Financial Advisory purchased a new stake in Walmart in the third quarter valued at about $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 140,177 shares of company stock valued at $12,895,688 over the last ninety days. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WMT shares. Guggenheim increased their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Piper Sandler raised their price objective on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Telsey Advisory Group raised their price objective on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Truist Financial raised their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $94.69.

Walmart Stock Up 0.3 %

Shares of WMT opened at $97.55 on Thursday. 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 Inc. has a 12 month low of $54.54 and a 12 month high of $98.17. The stock’s 50 day moving average is $92.50 and its two-hundred day moving average is $82.69. The firm has a market cap of $783.66 billion, a P/E ratio of 40.03, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. Analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Walmart Company 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.