Diversify Wealth Management LLC Boosts Position in Walmart Inc. (NYSE:WMT)

Diversify Wealth Management LLC grew its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,815 shares of the retailer's stock after purchasing an additional 7,199 shares during the period. Diversify Wealth Management LLC's holdings in Walmart were worth $6,586,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WMT. Dakota Community Bank & Trust NA lifted its position in Walmart by 4.0% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer's stock valued at $260,000 after acquiring an additional 110 shares during the last quarter. Kozak & Associates Inc. lifted its holdings in shares of Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer's stock valued at $56,000 after purchasing an additional 113 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its position in shares of Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer's stock valued at $1,915,000 after purchasing an additional 118 shares during the period. Lowe Wealth Advisors LLC grew its stake in Walmart by 13.5% during the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer's stock worth $92,000 after buying an additional 121 shares during the last quarter. Finally, Providence Wealth Advisors LLC increased its position in Walmart by 0.3% during the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer's stock worth $3,591,000 after buying an additional 122 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 3,843,929 shares of the company's stock, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Chojnowski sold 5,600 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares of the company's stock, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock valued at $12,478,149 over the last 90 days. Insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WMT shares. Robert W. Baird increased their price objective on Walmart from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Redburn Atlantic raised shares of Walmart to a "strong-buy" rating in a research report on Monday, September 23rd. Evercore ISI upped their target price on shares of Walmart from $94.00 to $96.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Sanford C. Bernstein raised their price target on Walmart from $98.00 to $102.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Finally, Barclays upped their price objective on Walmart from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walmart has an average rating of "Moderate Buy" and a consensus target price of $94.69.

Walmart Price Performance

NYSE:WMT traded up $1.11 during trading hours on Tuesday, reaching $93.05. 23,228,988 shares of the company traded hands, compared to its average volume of 15,407,088. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm's 50-day moving average is $91.31 and its 200-day moving average is $81.63. The stock has a market cap of $747.51 billion, a P/E ratio of 38.19, a P/E/G ratio of 4.36 and a beta of 0.55. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The firm 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Equities research 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.