Enclave Advisors LLC Raises Stake in Walmart Inc. (NYSE:WMT)

Enclave Advisors LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 26.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 128,701 shares of the retailer’s stock after buying an additional 26,866 shares during the period. Walmart accounts for approximately 1.9% of Enclave Advisors LLC’s portfolio, making the stock its 16th largest position. Enclave Advisors LLC’s holdings in Walmart were worth $11,633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brophy Wealth Management LLC purchased a new stake in Walmart during the 3rd quarter valued at approximately $2,072,000. Bank of New Hampshire grew its stake in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Iowa State Bank increased its holdings in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after purchasing an additional 18,263 shares during the period. Fisher Asset Management LLC raised its stake in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Walmart during the third quarter worth $541,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Roth Mkm raised their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Oppenheimer boosted their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Truist Financial raised their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, TD Cowen upped their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $94.69.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,928 shares of company stock worth $8,978,123 in the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.2 %

WMT stock opened at $93.26 on Thursday. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. The stock has a market capitalization of $749.19 billion, a P/E ratio of 38.27, a PEG ratio of 4.36 and a beta of 0.55. The company has a 50 day moving average price of $91.47 and a two-hundred day moving average price of $81.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the business posted $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, sell-side analysts expect that Walmart Inc. will post 2.47 EPS 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.