Milestone Asset Management LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

Milestone Asset Management LLC raised its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 80.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,289 shares of the retailer's stock after buying an additional 9,491 shares during the period. Milestone Asset Management LLC's holdings in Walmart were worth $1,924,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the third quarter worth about $26,000. Voisard Asset Management Group Inc. grew its position in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock worth $32,000 after buying an additional 174 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Walmart in the 4th quarter worth 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 position in shares of Walmart during the third quarter valued at approximately $36,000. Institutional investors own 26.76% of the company's stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research analyst reports. Robert W. Baird boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. DZ Bank cut shares of Walmart from a "buy" rating to a "hold" rating and set a $91.00 price target on the stock. in a research report on Thursday, November 21st. BMO Capital Markets raised their price objective on shares of Walmart from $80.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Tigress Financial upped their target price on Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Finally, Telsey Advisory Group raised their target price 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $95.11.

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now directly owns 568,626 shares of the company's stock, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now directly owns 7,805 shares in the company, valued at approximately $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. Insiders have sold a total of 137,177 shares of company stock worth $12,649,328 in the last ninety days. Insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $97.97 on Friday. The business has a 50-day simple moving average of $92.91 and a two-hundred day simple moving average of $82.90. 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 firm has a market cap of $787.00 billion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $55.04 and a fifty-two week high of $99.00.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The firm'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 2.48 earnings per share for the current year.

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.

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