Walmart Inc. (NYSE:WMT) is GDS Wealth Management’s 10th Largest Position

GDS Wealth Management increased its holdings in shares of Walmart Inc. (NYSE:WMTFree Report) by 4.2% in the fourth quarter, Holdings Channel reports. The firm owned 281,593 shares of the retailer’s stock after acquiring an additional 11,400 shares during the period. Walmart accounts for 2.3% of GDS Wealth Management’s investment portfolio, making the stock its 10th biggest position. GDS Wealth Management’s holdings in Walmart were worth $25,442,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. purchased a new position in Walmart in the fourth quarter valued at about $27,000. Voisard Asset Management Group Inc. lifted its stake in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the fourth quarter worth about $32,000. Finally, Hoese & Co LLP acquired a new stake in shares of Walmart in the third quarter valued at about $33,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $100.92 on Wednesday. Walmart Inc. has a 12 month low of $55.85 and a 12 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 stock has a market cap of $810.71 billion, a PE ratio of 41.42, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. The business has a fifty day simple moving average of $93.27 and a 200-day simple moving average of $83.48.

Walmart (NYSE:WMTGet Free Report) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating 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 revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. On average, sell-side analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WMT shares. KeyCorp increased their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Wells Fargo & Company raised their price target on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday. 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. Barclays increased their target price on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Telsey Advisory Group lifted their price target on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned 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 an average target price of $95.37.

Read Our Latest Research Report on WMT

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock worth $12,649,328 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Walmart Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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