Donoghue Forlines LLC Buys 3,040 Shares of Walmart Inc. (NYSE:WMT)

Donoghue Forlines LLC grew its position in Walmart Inc. (NYSE:WMT - Free Report) by 15.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,500 shares of the retailer's stock after buying an additional 3,040 shares during the period. Donoghue Forlines LLC's holdings in Walmart were worth $2,033,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jennison Associates LLC increased its position in shares of Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer's stock worth $1,492,200,000 after acquiring an additional 15,290,936 shares in the last quarter. FMR LLC increased its holdings in Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer's stock valued at $562,280,000 after purchasing an additional 6,885,106 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position 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 worth $3,848,533,000 after buying an additional 2,107,197 shares during the period. Institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on WMT. Telsey Advisory Group boosted their target price on Walmart from $92.00 to $100.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Barclays increased their target price on shares of Walmart from $90.00 to $98.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. KeyCorp lifted their price target on shares of Walmart from $96.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Oppenheimer increased their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Finally, UBS Group lifted their target price on Walmart from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and an average price target of $94.69.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 of the company's stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares of the company's stock, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock valued at $12,895,688 over the last three months. 45.58% of the stock is owned by insiders.

Walmart Price Performance

Shares of WMT traded up $1.03 during trading hours on Friday, hitting $94.84. 14,969,066 shares of the company were exchanged, compared to its average volume of 12,195,606. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a fifty-two week low of $53.47 and a fifty-two week high of $96.18. The company has a market cap of $761.90 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55. The firm's fifty day moving average is $92.02 and its 200 day moving average is $82.13.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. On average, equities analysts anticipate that Walmart Inc. will post 2.48 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.