Strategic Blueprint LLC Has $9.05 Million Stock Position in Walmart Inc. (NYSE:WMT)

Strategic Blueprint LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,167 shares of the retailer’s stock after purchasing an additional 615 shares during the period. Strategic Blueprint LLC’s holdings in Walmart were worth $9,050,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brophy Wealth Management LLC acquired a new stake in shares of Walmart in the third quarter worth $2,072,000. Bank of New Hampshire lifted its position in Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares during the last quarter. Iowa State Bank boosted its holdings in Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares during the period. Fisher Asset Management LLC grew its position in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Walmart in the third quarter worth about $541,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was 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 of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total value of $1,207,500.00. Following the sale, the executive vice president now owns 579,915 shares of the company’s stock, valued at approximately $53,352,180. The trade was a 2.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock valued at $12,649,328 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WMT. Sanford C. Bernstein increased their target price on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Telsey Advisory Group increased their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Truist Financial boosted their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Bank of America increased their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Piper Sandler boosted their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. 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 company’s stock. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average price target of $94.69.

Walmart Price Performance

Shares of WMT stock opened at $98.61 on Friday. Walmart Inc. has a 52 week low of $55.04 and a 52 week high of $98.93. The stock has a market capitalization of $792.15 billion, a PE ratio of 40.47, a PEG ratio of 4.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock’s fifty day moving average is $92.71 and its 200-day moving average is $82.79.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping 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 firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Equities research analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

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.