Walmart Inc. (NYSE:WMT) Shares Bought by MBE Wealth Management LLC

MBE Wealth Management LLC increased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 113.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,451 shares of the retailer's stock after buying an additional 3,427 shares during the quarter. MBE Wealth Management LLC's holdings in Walmart were worth $583,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the fourth quarter valued at $32,000. Voisard Asset Management Group Inc. raised its stake in shares of Walmart by 77.3% during 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. Hoese & Co LLP purchased a new stake in Walmart during the 3rd quarter worth about $33,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart in the 3rd quarter worth about $36,000. Institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Walmart stock traded up $1.11 during midday trading on Thursday, hitting $98.61. The stock had a trading volume of 10,997,348 shares, compared to its average volume of 15,022,167. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52-week low of $55.04 and a 52-week high of $98.93. The company has a market capitalization of $792.15 billion, a PE ratio of 40.47, a P/E/G ratio of 4.42 and a beta of 0.55. The firm's fifty day moving average is $92.71 and its two-hundred day moving average is $82.79.

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 during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 EPS. On average, research analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WMT shares. BMO Capital Markets increased their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. UBS Group boosted their price target on shares of Walmart from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Guggenheim increased their price objective on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Morgan Stanley boosted their target price on Walmart from $100.00 to $106.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group lifted their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Two research 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $94.69.

Insiders Place Their Bets

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now directly owns 7,805 shares of the company's stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm'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 transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock worth $12,895,688 in the last three months. 45.58% of the stock is owned by company insiders.

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.