Iams Wealth Management LLC Purchases New Position in Walmart Inc. (NYSE:WMT)

Iams Wealth Management LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,222 shares of the retailer's stock, valued at approximately $291,000.

Several other large investors have also added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the 3rd quarter valued at $26,000. Voisard Asset Management Group Inc. boosted its stake in 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 acquiring an additional 174 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the fourth quarter valued at approximately $32,000. Hoese & Co LLP purchased a new position in shares of Walmart during the third quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart in the 3rd quarter worth approximately $36,000. Institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares of the company's stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,177 shares of company stock valued at $12,649,328 over the last ninety days. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Jefferies Financial Group raised their price objective on Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Barclays lifted their price target on Walmart from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Wells Fargo & Company raised their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. Finally, Stifel Nicolaus upped their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $95.11.

Walmart Price Performance

Shares of WMT traded down $0.68 during mid-day trading on Friday, hitting $97.97. 16,379,679 shares of the stock were exchanged, compared to its average volume of 15,055,752. The firm has a 50-day moving average of $92.91 and a two-hundred day moving average of $82.90. Walmart Inc. has a 52-week low of $55.04 and a 52-week high of $99.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a market cap of $787.00 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.55.

Walmart (NYSE:WMT - Get Free Report) last issued 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 business had revenue of $169.59 billion during 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 was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. On average, equities analysts predict that Walmart Inc. will post 2.48 earnings per share for the current 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.