7,733 Shares in Walmart Inc. (NYSE:WMT) Purchased by Ibex Wealth Advisors

Ibex Wealth Advisors 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 & Exchange Commission. The fund purchased 7,733 shares of the retailer's stock, valued at approximately $699,000.

Several other large investors have also recently added to or reduced their stakes in WMT. Brophy Wealth Management LLC acquired a new stake in Walmart during the 3rd quarter valued at $2,072,000. Bank of New Hampshire increased its stake in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock valued at $4,332,000 after buying an additional 5,786 shares in the last quarter. Iowa State Bank raised its holdings in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock valued at $2,422,000 after buying an additional 18,263 shares during the last quarter. Fisher Asset Management LLC lifted its position in Walmart by 4.6% during the 3rd 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. Finally, Virtu Financial LLC bought a new stake in Walmart during the 3rd quarter worth about $541,000. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on WMT shares. StockNews.com downgraded Walmart from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 20th. Piper Sandler lifted their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. Tigress Financial boosted their target price on Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, December 13th. KeyCorp upped their price target on shares of Walmart from $96.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Finally, Truist Financial increased their price objective on Walmart from $89.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. 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. According to MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and an average price target of $95.11.

Walmart Stock Down 0.7 %

WMT opened at $97.97 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a market capitalization of $787.00 billion, a P/E ratio of 40.20, a P/E/G ratio of 4.46 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $55.04 and a fifty-two week high of $99.00. The stock has a fifty day moving average of $92.91 and a 200-day moving average of $82.90.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during 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 company's revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. On average, equities analysts expect that Walmart Inc. will post 2.48 EPS for the current year.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the sale, the executive vice president now directly owns 568,626 shares in the company, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,177 shares of company stock valued at $12,649,328 over the last three months. 45.58% of the stock is owned by 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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