Relyea Zuckerberg Hanson LLC Has $1.43 Million Stock Position in Walmart Inc. (NYSE:WMT)

Relyea Zuckerberg Hanson LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,788 shares of the retailer’s stock after acquiring an additional 1,034 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Walmart were worth $1,426,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. grew its position in shares of 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. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the fourth quarter worth approximately $32,000. Hoese & Co LLP acquired a new position in Walmart in the third quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart in the third quarter valued at approximately $36,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on WMT. Citigroup upped their target price on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a report on Monday, September 23rd. TD Cowen raised their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein upped their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Guggenheim increased their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two investment 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.49.

Walmart Price Performance

Shares of WMT opened at $92.02 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The stock has a market capitalization of $739.19 billion, a P/E ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. The company has a 50 day moving average of $91.01 and a 200-day moving average of $81.10.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the company’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 sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock worth $12,478,149 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

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.