Walmart Inc. (NYSE:WMT) Position Increased by RFG Advisory LLC

RFG Advisory LLC raised its position in Walmart Inc. (NYSE:WMT) by 42.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,268 shares of the retailer’s stock after purchasing an additional 39,937 shares during the quarter. RFG Advisory LLC’s holdings in Walmart were worth $12,131,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Dakota Community Bank & Trust NA raised its holdings in shares of Walmart by 4.0% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after acquiring an additional 110 shares during the period. Kozak & Associates Inc. increased its holdings in Walmart by 22.3% during the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after purchasing an additional 113 shares in the last quarter. Summit Financial Wealth Advisors LLC raised its stake in shares of Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after purchasing an additional 118 shares during the period. Lowe Wealth Advisors LLC lifted its holdings in shares of Walmart by 13.5% in the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after purchasing an additional 121 shares in the last quarter. Finally, Providence Wealth Advisors LLC boosted its position in shares of 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 period. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Piper Sandler boosted their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research report on Wednesday, January 15th. Telsey Advisory Group raised their target price on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group boosted their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Guggenheim raised their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.69.

Insider Buying and Selling 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 shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the sale, the executive vice president now directly owns 568,626 shares in the company, valued at $52,859,472.96. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock valued at $12,895,688 in the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $94.84 on Friday. The company has a market capitalization of $761.90 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55. The stock’s 50 day moving average is $92.02 and its 200-day moving average is $82.13. 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 $53.47 and a 12 month high of $96.18.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. Equities research analysts expect that Walmart Inc. will post 2.48 EPS for the current year.

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.