Innova Wealth Partners Invests $352,000 in Walmart Inc. (NYSE:WMT)

Innova Wealth Partners bought a new position in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,900 shares of the retailer’s stock, valued at approximately $352,000.

Several other institutional investors have also bought and sold shares of the stock. Kozak & Associates Inc. boosted its stake in shares of Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after purchasing an additional 113 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its position in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares in the last quarter. Providence Wealth Advisors LLC grew its stake in Walmart by 0.3% during the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after buying an additional 122 shares during the last quarter. 3Chopt Investment Partners LLC increased its holdings in shares of Walmart by 0.4% during the third quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock worth $2,635,000 after buying an additional 124 shares in the last quarter. Finally, CAP Partners LLC raised its stake in shares of Walmart by 2.1% in the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after acquiring an additional 125 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the transaction, the executive vice president now directly owns 457,493 shares in the company, valued at approximately $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,412 shares of company stock worth $12,478,116 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research analyst reports. TD Cowen increased their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI raised their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Tigress Financial upped their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Wells Fargo & Company increased their price objective on shares of Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Guggenheim boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.69.

Walmart Stock Down 0.7 %

NYSE:WMT opened at $90.80 on Wednesday. Walmart Inc. has a 1 year low of $52.23 and a 1 year high of $96.18. The stock has a 50-day moving average price of $89.76 and a two-hundred day moving average price of $80.13. The stock has a market cap of $729.43 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 4.47 and a beta of 0.55. 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 issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during 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%. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. As a group, equities analysts expect that Walmart Inc. will post 2.47 earnings per share for the current 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.