Vishria Bird Financial Group LLC Acquires 677 Shares of Walmart Inc. (NYSE:WMT)

Vishria Bird Financial Group LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,899 shares of the retailer’s stock after purchasing an additional 677 shares during the period. Vishria Bird Financial Group LLC’s holdings in Walmart were worth $623,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. PCG Wealth Advisors LLC raised its position in shares of Walmart by 4.5% in the 4th quarter. PCG Wealth Advisors LLC now owns 2,919 shares of the retailer’s stock worth $264,000 after purchasing an additional 126 shares during the last quarter. Cottonwood Capital Advisors LLC increased its stake in Walmart by 8.0% during the 4th quarter. Cottonwood Capital Advisors LLC now owns 6,716 shares of the retailer’s stock valued at $607,000 after purchasing an additional 495 shares in the last quarter. McGuire Investment Group LLC increased its stake in Walmart by 0.7% during the 4th quarter. McGuire Investment Group LLC now owns 152,286 shares of the retailer’s stock valued at $13,759,000 after purchasing an additional 1,036 shares in the last quarter. Eclectic Associates Inc. ADV raised its holdings in Walmart by 11.3% in the fourth quarter. Eclectic Associates Inc. ADV now owns 5,397 shares of the retailer’s stock worth $488,000 after buying an additional 548 shares during the last quarter. Finally, Wolff Financial Management LLC bought a new position in shares of Walmart in the fourth quarter worth approximately $200,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WMT. Truist Financial boosted their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Guggenheim increased their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Stifel Nicolaus boosted their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, KeyCorp raised their price target on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.69.

Walmart Trading Up 1.1 %

Shares of NYSE WMT opened at $94.84 on Monday. Walmart Inc. has a 1-year low of $53.47 and a 1-year high of $96.18. The business has a fifty day moving average price of $92.02 and a 200 day moving average price of $82.21. The stock has a market capitalization of $761.90 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 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 net margin of 2.92% and a return on equity of 21.78%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the sale, the executive vice president now owns 568,626 shares in the company, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,177 shares of company stock valued at $12,895,688. 45.58% of the stock is currently owned by insiders.

About Walmart

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.