Arkadios Wealth Advisors Raises Stock Position in Walmart Inc. (NYSE:WMT)

Arkadios Wealth Advisors lifted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 203,522 shares of the retailer's stock after acquiring an additional 9,336 shares during the quarter. Walmart makes up approximately 1.0% of Arkadios Wealth Advisors' holdings, making the stock its 18th biggest position. Arkadios Wealth Advisors' holdings in Walmart were worth $18,388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Spring Capital Management LLC lifted its holdings in Walmart by 4.2% in the 4th quarter. Spring Capital Management LLC now owns 87,986 shares of the retailer's stock worth $7,950,000 after purchasing an additional 3,510 shares in the last quarter. Trust Co of Kansas increased its holdings in Walmart by 5.9% in the 4th quarter. Trust Co of Kansas now owns 4,734 shares of the retailer's stock valued at $428,000 after acquiring an additional 264 shares during the last quarter. InTrack Investment Management Inc increased its holdings in Walmart by 85.3% in the 4th quarter. InTrack Investment Management Inc now owns 12,610 shares of the retailer's stock valued at $1,145,000 after acquiring an additional 5,804 shares during the last quarter. Dominguez Wealth Management Solutions Inc. boosted its holdings in shares of Walmart by 13.3% during the 4th quarter. Dominguez Wealth Management Solutions Inc. now owns 6,386 shares of the retailer's stock valued at $577,000 after purchasing an additional 750 shares during the last quarter. Finally, Lake Street Private Wealth LLC grew its position in shares of Walmart by 15.1% during the fourth quarter. Lake Street Private Wealth LLC now owns 12,421 shares of the retailer's stock valued at $1,122,000 after purchasing an additional 1,628 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares of the company's stock, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now owns 7,805 shares of the company's stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 140,177 shares of company stock worth $12,478,149 over the last three months. Corporate insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America increased their price target on Walmart from $95.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Citigroup increased their target price on Walmart from $75.00 to $98.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Piper Sandler boosted their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Royal Bank of Canada restated an "outperform" rating and set a $105.00 price objective on shares of Walmart in a research report on Wednesday. Finally, Morgan Stanley raised their price target on Walmart from $89.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and a consensus target price of $94.49.

Walmart Stock Up 0.8 %

Walmart stock traded up $0.72 during mid-day trading on Friday, reaching $92.02. 15,705,502 shares of the company were exchanged, compared to its average volume of 14,296,278. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The business has a fifty day moving average of $91.15 and a 200 day moving average of $81.37. The firm has a market cap of $739.19 billion, a P/E ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data 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 company 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 for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. Research analysts anticipate that Walmart Inc. will post 2.47 earnings per share 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.