Whitaker Myers Wealth Managers LTD. Makes New Investment in Walmart Inc. (NYSE:WMT)

Whitaker Myers Wealth Managers LTD. bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,993 shares of the retailer's stock, valued at approximately $451,000.

Several other hedge funds have also recently bought and sold shares of WMT. Moss Adams Wealth Advisors LLC raised its position in Walmart by 5.9% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 18,882 shares of the retailer's stock valued at $1,710,000 after buying an additional 1,046 shares during the last quarter. Kera Capital Partners Inc. bought a new position in Walmart in the fourth quarter valued at $206,000. Krilogy Financial LLC increased its stake in Walmart by 29.3% in the 4th quarter. Krilogy Financial LLC now owns 67,031 shares of the retailer's stock valued at $6,056,000 after buying an additional 15,190 shares during the last quarter. TruWealth Advisors LLC lifted its position in Walmart by 2.8% during the 4th quarter. TruWealth Advisors LLC now owns 33,406 shares of the retailer's stock worth $3,018,000 after buying an additional 923 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in shares of Walmart by 18.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 111,987 shares of the retailer's stock worth $10,118,000 after buying an additional 17,799 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,177 shares of company stock valued at $12,478,149. Corporate insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent research reports. DZ Bank cut Walmart from a "buy" rating to a "hold" rating and set a $91.00 price target for the company. in a research report on Thursday, November 21st. Tigress Financial increased their price objective on Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a report on Friday, December 13th. Citigroup boosted their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Bank of America increased their price target on shares of Walmart from $95.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Guggenheim upped their target price on shares of Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a report 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and an average price target of $94.49.

Walmart Price Performance

WMT traded up $0.72 on Monday, hitting $92.02. 15,705,502 shares of the stock were exchanged, compared to its average volume of 14,296,278. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The firm has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. The business has a 50-day moving average of $91.15 and a two-hundred day moving average of $81.46.

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

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.