HB Wealth Management LLC Has $31.59 Million Holdings in Walmart Inc. (NYSE:WMT)

HB Wealth Management LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 349,637 shares of the retailer's stock after purchasing an additional 4,592 shares during the quarter. HB Wealth Management LLC's holdings in Walmart were worth $31,591,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the third quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter worth approximately $32,000. Voisard Asset Management Group Inc. raised its position in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock worth $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP purchased a new stake in Walmart during the third quarter valued at about $33,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WMT shares. KeyCorp raised their price objective on 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 target price on shares of Walmart in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of Walmart from $96.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, January 10th. Morgan Stanley boosted their price objective on Walmart from $89.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Finally, StockNews.com downgraded shares of Walmart from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 20th. Two investment 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $94.49.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their position. The transaction was disclosed in a legal filing 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 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 transaction, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock worth $12,478,149 in the last ninety days. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of WMT stock traded up $0.72 during trading hours on Friday, reaching $92.02. 15,705,502 shares of the company were exchanged, compared to its average volume of 14,296,278. The stock's fifty day moving average is $91.15 and its two-hundred day moving average is $81.37. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. 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 company has a market cap of $739.19 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55.

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, beating analysts' consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts' expectations 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 last year, the firm earned $0.51 earnings per share. Sell-side analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

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.