Integrity Wealth Solutions LLC Acquires New Shares in Walmart Inc. (NYSE:WMT)

Integrity Wealth Solutions LLC purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,989 shares of the retailer's stock, valued at approximately $271,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its stake 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 buying an additional 2,786,061 shares in the last quarter. FMR LLC grew its position in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares in the last quarter. Fisher Asset Management LLC increased its stake in 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 purchasing an additional 2,107,197 shares during the period. Franklin Resources Inc. lifted its position in shares of Walmart by 3.7% during the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer's stock worth $3,392,658,000 after purchasing an additional 1,480,927 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Walmart by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer's stock valued at $2,522,369,000 after purchasing an additional 350,881 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company's stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction that occurred 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 completion of the acquisition, the director now directly owns 7,805 shares of the company's stock, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of NYSE WMT traded up $1.11 during mid-day trading on Thursday, reaching $98.61. 10,993,827 shares of the company were exchanged, compared to its average volume of 15,021,106. Walmart Inc. has a twelve month low of $55.04 and a twelve month high of $98.93. The stock has a market capitalization of $792.15 billion, a P/E ratio of 40.47, a P/E/G ratio of 4.42 and a beta of 0.55. The company's 50-day simple moving average is $92.71 and its 200-day simple moving average is $82.79. 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 (NYSE:WMT - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. As a group, research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on WMT. Bank of America increased their price objective on Walmart from $95.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Sanford C. Bernstein boosted their price objective on Walmart from $98.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. UBS Group lifted their price target on shares of Walmart from $92.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. DZ Bank downgraded shares of Walmart from a "buy" rating to a "hold" rating and set a $91.00 price objective on the stock. in a research report on Thursday, November 21st. Finally, Telsey Advisory Group raised their price target on Walmart from $92.00 to $100.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Two 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.