Aaron Wealth Advisors LLC Buys 2,379 Shares of Walmart Inc. (NYSE:WMT)

Aaron Wealth Advisors LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,403 shares of the retailer’s stock after acquiring an additional 2,379 shares during the quarter. Walmart comprises about 0.7% of Aaron Wealth Advisors LLC’s portfolio, making the stock its 23rd largest holding. Aaron Wealth Advisors LLC’s holdings in Walmart were worth $5,909,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the third quarter valued at about $26,000. Voisard Asset Management Group Inc. grew its holdings in Walmart by 77.3% during the 3rd 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 in the last quarter. Decker Retirement Planning Inc. bought a new stake in Walmart in the 4th quarter worth approximately $32,000. Hoese & Co LLP purchased a new stake in shares of Walmart during the 3rd quarter worth approximately $33,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Walmart during the 3rd quarter valued at approximately $36,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of NYSE:WMT opened at $92.02 on Monday. 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 company has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The firm has a 50 day moving average of $91.15 and a 200 day moving average of $81.37. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the business posted $0.51 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 140,177 shares of company stock valued at $12,478,149 in the last 90 days. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several research reports. Citigroup increased their price objective 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. Telsey Advisory Group boosted 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. Evercore ISI raised their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a report on Thursday, November 21st. Finally, Oppenheimer lifted their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.49.

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.