Heck Capital Advisors LLC Invests $1.41 Million in Walmart Inc. (NYSE:WMT)

Heck Capital Advisors LLC acquired a new position in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,551 shares of the retailer’s stock, valued at approximately $1,405,000.

Several other large investors also recently added to or reduced their stakes in the business. Brophy Wealth Management LLC bought a new stake in shares of Walmart during the 3rd quarter valued at about $2,072,000. Bank of New Hampshire lifted its position in Walmart by 13.7% during the fourth 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 grew its stake in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after buying an additional 18,263 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Walmart during the 3rd quarter worth $541,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WMT shares. Royal Bank of Canada restated an “outperform” rating and set a $105.00 price target on shares of Walmart in a research report on Wednesday, January 15th. Guggenheim boosted their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. TD Cowen lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group upped their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Barclays lifted their target price on shares of Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Two investment 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 stock. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.11.

Walmart Stock Performance

Shares of WMT stock opened at $97.97 on Monday. The company’s fifty day moving average price is $93.07 and its 200-day moving average price is $83.19. The stock has a market cap of $787.00 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.55. 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 $55.04 and a 12 month high of $99.00.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 137,177 shares of company stock worth $12,649,328 in the last 90 days. Insiders own 45.58% of the company’s stock.

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.