Chemistry Wealth Management LLC Makes New $301,000 Investment in Walmart Inc. (NYSE:WMT)

Chemistry Wealth Management LLC bought a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,327 shares of the retailer's stock, valued at approximately $301,000.

Several other institutional investors also recently made changes to their positions in the stock. Brophy Wealth Management LLC bought a new stake in Walmart in the 3rd quarter valued at about $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 purchasing an additional 5,786 shares during the period. Iowa State Bank raised its holdings in shares of Walmart by 213.8% during 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 raised its holdings in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock valued at $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Walmart during the third quarter worth approximately $541,000. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

WMT traded up $0.72 during trading on Friday, hitting $92.02. The company's stock had a trading volume of 15,705,502 shares, compared to its average volume of 14,296,278. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The firm's 50 day moving average price is $91.15 and its two-hundred day moving average price is $81.27. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly 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. The business had revenue of $169.59 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the business posted $0.51 earnings per share. Sell-side analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock valued at $12,478,149 over the last three months. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WMT. BMO Capital Markets lifted their target price on Walmart from $80.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. StockNews.com cut shares of Walmart from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, November 20th. Robert W. Baird upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Barclays raised their target price on shares of Walmart from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. Finally, DZ Bank lowered shares of Walmart from a "buy" rating to a "hold" rating and set a $91.00 price target for the company. in a research note on Thursday, November 21st. Two 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 stock. According to data from MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and an average target price of $94.49.

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.