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

Ritholtz Wealth Management boosted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 204,338 shares of the retailer's stock after purchasing an additional 10,786 shares during the quarter. Walmart comprises approximately 0.5% of Ritholtz Wealth Management's portfolio, making the stock its 29th biggest position. Ritholtz Wealth Management's holdings in Walmart were worth $18,462,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in WMT. Brophy Wealth Management LLC purchased a new stake in shares of Walmart in the 3rd quarter valued at about $2,072,000. Bank of New Hampshire lifted its stake in Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock valued at $4,332,000 after buying an additional 5,786 shares during the last quarter. Iowa State Bank boosted its holdings in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock valued at $2,422,000 after acquiring an additional 18,263 shares during the period. Fisher Asset Management LLC grew its position in shares of 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 acquiring an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Walmart in the 3rd quarter valued at $541,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on WMT shares. KeyCorp increased their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Morgan Stanley raised their price target on Walmart from $89.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Barclays upped their price objective on Walmart from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. Oppenheimer lifted their target price on Walmart from $81.00 to $90.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Finally, Bank of America upped their price target on Walmart from $95.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Two investment 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 presently has an average rating of "Moderate Buy" and an average target price of $94.49.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock worth $12,478,149 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

WMT stock traded up $0.72 on Friday, reaching $92.02. The company had a trading volume of 15,705,502 shares, compared to its average volume of 14,681,198. 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's fifty day moving average is $91.01 and its 200 day moving average is $81.10. The company has a market cap of $739.19 billion, a P/E ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18.

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, beating the consensus estimate 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 business's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 earnings per share. On average, research analysts forecast that Walmart Inc. will post 2.47 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.