Fulton Breakefield Broenniman LLC Grows Holdings in Walmart Inc. (NYSE:WMT)

Fulton Breakefield Broenniman LLC grew its stake in Walmart Inc. (NYSE:WMT - Free Report) by 73.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,176 shares of the retailer's stock after purchasing an additional 3,453 shares during the quarter. Fulton Breakefield Broenniman LLC's holdings in Walmart were worth $739,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in WMT. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter valued at about $26,000. Voisard Asset Management Group Inc. grew its position in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock valued at $32,000 after purchasing an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new stake in Walmart during the 4th quarter worth approximately $32,000. Hoese & Co LLP bought a new position in Walmart in the third quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart in the 3rd quarter worth $36,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 1.1 %

NYSE WMT opened at $98.61 on Friday. Walmart Inc. has a fifty-two week low of $55.04 and a fifty-two week high of $98.93. The business has a fifty day moving average price of $92.71 and a two-hundred day moving average price of $82.79. 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 stock has a market capitalization of $792.15 billion, a PE ratio of 40.47, a PEG ratio of 4.46 and a beta of 0.55.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results 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 net margin of 2.92% and a return on equity of 21.78%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. Equities analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company's stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the transaction, the chief executive officer now owns 3,766,491 shares in the company, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock valued at $12,649,328 in the last 90 days. Corporate insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

WMT has been the subject of several recent research reports. Oppenheimer increased their price target on Walmart from $81.00 to $90.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. UBS Group boosted their target price on shares of Walmart from $92.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Royal Bank of Canada reissued an "outperform" rating and issued a $105.00 price objective on shares of Walmart in a research report on Wednesday, January 15th. Sanford C. Bernstein upped their target price on shares of Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Finally, Tigress Financial lifted their price target on Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $94.69.

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.