2,394 Shares in Walmart Inc. (NYSE:WMT) Purchased by Lorne Steinberg Wealth Management Inc.

Lorne Steinberg Wealth Management Inc. purchased a new position in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,394 shares of the retailer’s stock, valued at approximately $216,000.

Several other hedge funds have also recently added to or reduced their stakes in WMT. Jennison Associates LLC raised its position in Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares in the last quarter. FMR LLC increased its holdings in shares of Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after buying an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after buying an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Walmart by 4.6% during the third 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 in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $103.73 on Wednesday. Walmart Inc. has a 12-month low of $57.60 and a 12-month high of $105.30. The firm has a market capitalization of $833.31 billion, a price-to-earnings ratio of 42.57, a price-to-earnings-growth ratio of 4.30 and a beta of 0.55. 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 firm has a fifty day moving average of $95.38 and a 200-day moving average of $86.05.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,177 shares of company stock valued at $16,403,728. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WMT shares. Truist Financial raised their price objective on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Citigroup raised their price objective on shares of Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price objective (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Finally, Evercore ISI raised their price target on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $101.87.

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.