2,925 Shares in Walmart Inc. (NYSE:WMT) Purchased by Access Financial Services Inc.

Access Financial Services Inc. acquired a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,925 shares of the retailer's stock, valued at approximately $264,000.

A number of other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. increased its stake in shares of Walmart by 3.2% in the second quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer's stock worth $25,961,000 after buying an additional 11,816 shares during the last quarter. Commonwealth Financial Services LLC lifted its position in shares of Walmart by 159.6% during the second quarter. Commonwealth Financial Services LLC now owns 24,544 shares of the retailer's stock worth $1,710,000 after purchasing an additional 15,091 shares during the last quarter. HighVista Strategies LLC increased its holdings in Walmart by 24.3% in the second quarter. HighVista Strategies LLC now owns 22,500 shares of the retailer's stock valued at $1,523,000 after buying an additional 4,400 shares during the last quarter. Nippon Life Global Investors Americas Inc. raised its stake in Walmart by 34.3% during the second quarter. Nippon Life Global Investors Americas Inc. now owns 185,400 shares of the retailer's stock valued at $12,553,000 after buying an additional 47,380 shares in the last quarter. Finally, Beck Capital Management LLC grew its position in shares of Walmart by 21.1% in the 2nd quarter. Beck Capital Management LLC now owns 69,472 shares of the retailer's stock worth $4,704,000 after acquiring an additional 12,104 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research analyst reports. Robert W. Baird raised their price objective on Walmart from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Wells Fargo & Company increased their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday, January 10th. Piper Sandler upped their target price on Walmart from $83.00 to $93.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Morgan Stanley boosted their price objective on Walmart from $100.00 to $106.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Two 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $94.69.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm'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 sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,177 shares of company stock worth $12,478,149. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Up 0.9 %

NYSE WMT traded up $0.86 on Tuesday, reaching $92.80. The stock had a trading volume of 10,410,869 shares, compared to its average volume of 14,300,430. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18. The business has a 50 day moving average price of $91.31 and a 200 day moving average price of $81.63. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $745.46 billion, a price-to-earnings ratio of 38.09, a P/E/G ratio of 4.36 and a beta of 0.55.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm's revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. On average, analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

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.