GDS Wealth Management increased its holdings in shares of Walmart Inc. (NYSE:WMT – Free 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.
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
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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