FOCUS Wealth Advisors LLC Acquires 19,324 Shares of Walmart Inc. (NYSE:WMT)

FOCUS Wealth Advisors LLC lifted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 733.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,960 shares of the retailer's stock after purchasing an additional 19,324 shares during the quarter. Walmart accounts for 1.1% of FOCUS Wealth Advisors LLC's portfolio, making the stock its 27th largest position. FOCUS Wealth Advisors LLC's holdings in Walmart were worth $1,984,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WMT. Brophy Wealth Management LLC acquired a new position in Walmart in the 3rd quarter worth $2,072,000. Bank of New Hampshire boosted its stake in Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock worth $4,332,000 after purchasing an additional 5,786 shares during the period. Iowa State Bank boosted its stake in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock worth $2,422,000 after purchasing an additional 18,263 shares during the period. 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.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm'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 value of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now directly owns 7,805 shares of the company's stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 140,177 shares of company stock worth $12,478,149. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Performance

Shares of NYSE:WMT traded up $1.11 on Tuesday, reaching $93.05. 23,228,988 shares of the company's stock were exchanged, compared to its average volume of 15,407,088. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $747.51 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 4.36 and a beta of 0.55. The company has a fifty day moving average of $91.31 and a 200-day moving average of $81.63. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. On average, research analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of several analyst reports. KeyCorp boosted their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Royal Bank of Canada reissued an "outperform" rating and set a $105.00 price target on shares of Walmart in a research report on Wednesday, January 15th. Melius Research initiated coverage on shares of Walmart in a research report on Monday, September 23rd. They set a "buy" rating and a $95.00 price target on the stock. Morgan Stanley boosted their price target on shares of Walmart from $100.00 to $106.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Barclays boosted their price target on shares of Walmart from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $94.69.

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.