Cvfg LLC Makes New $600,000 Investment in Walmart Inc. (NYSE:WMT)

Cvfg LLC purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,643 shares of the retailer's stock, valued at approximately $600,000.

Other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC boosted its position in Walmart by 5.1% during the second quarter. Intech Investment Management LLC now owns 1,197,490 shares of the retailer's stock worth $81,082,000 after purchasing an additional 58,542 shares in the last quarter. Brighton Jones LLC boosted its position in Walmart by 6.7% during the second quarter. Brighton Jones LLC now owns 80,261 shares of the retailer's stock worth $5,434,000 after purchasing an additional 5,008 shares in the last quarter. Ieq Capital LLC boosted its position in Walmart by 12.8% during the second quarter. Ieq Capital LLC now owns 217,577 shares of the retailer's stock worth $14,732,000 after purchasing an additional 24,615 shares in the last quarter. Trust Investment Advisors purchased a new stake in Walmart during the second quarter worth $221,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Walmart by 159.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 595,653 shares of the retailer's stock worth $40,332,000 after purchasing an additional 365,914 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WMT has been the topic of several recent research reports. Redburn Atlantic upgraded Walmart to a "strong-buy" rating in a research report on Monday, September 23rd. Piper Sandler upped their price objective on Walmart from $83.00 to $93.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. DZ Bank downgraded Walmart from a "buy" rating to a "hold" rating and set a $91.00 price objective on the stock. in a research report on Thursday, November 21st. Roth Mkm upped their price objective on Walmart from $81.00 to $97.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Finally, Guggenheim upped their price objective on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Two equities research 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $94.49.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company's stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares of the company's stock, valued at $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 140,177 shares of company stock worth $12,478,149. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Up 0.8 %

NYSE:WMT traded up $0.72 on Friday, hitting $92.02. 15,705,502 shares of the stock were exchanged, compared to its average volume of 14,296,278. The stock has a market cap of $739.19 billion, a PE ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. 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 stock has a fifty day moving average of $91.01 and a 200-day moving average of $81.10. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results 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 return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

About Walmart

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.