Vantage Point Financial LLC Buys New Shares in Walmart Inc. (NYSE:WMT)

Vantage Point Financial LLC purchased a new stake in Walmart Inc. (NYSE:WMT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,187 shares of the retailer’s stock, valued at approximately $469,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter valued at about $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart in the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. lifted its position in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the 4th quarter worth approximately $32,000. Finally, Hoese & Co LLP acquired a new position in shares of Walmart during the 3rd quarter worth approximately $33,000. 26.76% of the stock is owned by institutional investors.

Walmart Trading Up 1.4 %

NYSE WMT opened at $100.92 on Wednesday. The company has a market cap of $810.71 billion, a price-to-earnings ratio of 41.42, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $100.95. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business’s fifty day moving average is $93.27 and its 200 day moving average is $83.48.

Walmart (NYSE:WMT) last released its quarterly 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. The company 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 business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. As a group, sell-side analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated 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 owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,177 shares of company stock valued at $12,649,328. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on WMT. Telsey Advisory Group lifted their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Evercore ISI lifted their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Barclays increased their price target on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Piper Sandler boosted their price objective on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.37.

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.