Walmart Inc. (NYSE:WMT) Stake Raised by InTrack Investment Management Inc

InTrack Investment Management Inc grew its position in Walmart Inc. (NYSE:WMT - Free Report) by 85.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,610 shares of the retailer's stock after purchasing an additional 5,804 shares during the period. InTrack Investment Management Inc's holdings in Walmart were worth $1,145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brophy Wealth Management LLC purchased a new stake in shares of Walmart during the 3rd quarter valued at about $2,072,000. Bank of New Hampshire raised its stake in shares of Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock valued at $4,332,000 after purchasing an additional 5,786 shares during the period. Iowa State Bank lifted its position in shares of Walmart by 213.8% during the fourth 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 in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Walmart during the 3rd quarter valued at $541,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler boosted their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Barclays lifted their price objective on Walmart from $90.00 to $98.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Sanford C. Bernstein increased their target price on Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday. Finally, Melius Research started coverage on shares of Walmart in a report on Monday, September 23rd. They set a "buy" rating and a $95.00 price objective for the company. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Walmart currently has an average rating of "Moderate Buy" and an average target price of $94.49.

Walmart Stock Performance

NYSE WMT traded up $0.72 on Friday, hitting $92.02. The stock had a trading volume of 15,705,502 shares, compared to its average volume of 14,296,278. The company's 50-day moving average is $91.15 and its two-hundred day moving average is $81.37. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. The stock 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. 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 data 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the company posted $0.51 EPS. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company'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 completion of the sale, the chief executive officer now directly owns 3,843,929 shares of the company's stock, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the executive vice president now owns 460,705 shares of the company's stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,177 shares of company stock valued at $12,478,149. 45.58% of the stock is currently owned by corporate insiders.

Walmart 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.