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SFG Wealth Management LLC. Boosts Stock Holdings in Walmart Inc. (NYSE:WMT)

Walmart logo with Retail/Wholesale background

SFG Wealth Management LLC. lifted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 466.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,853 shares of the retailer's stock after purchasing an additional 23,757 shares during the period. Walmart accounts for 1.4% of SFG Wealth Management LLC.'s portfolio, making the stock its 15th largest holding. SFG Wealth Management LLC.'s holdings in Walmart were worth $2,607,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. FMR LLC lifted its stake in shares of Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock worth $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the period. Franklin Resources Inc. lifted its position in 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 acquiring an additional 1,480,927 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer's stock worth $2,456,704,000 after acquiring an additional 644,353 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 0.9 %

Shares of WMT traded up $0.86 during trading hours on Tuesday, reaching $92.80. The stock had a trading volume of 10,410,869 shares, compared to its average volume of 14,300,430. The company has a market capitalization of $745.46 billion, a price-to-earnings ratio of 38.09, a P/E/G ratio of 4.36 and a beta of 0.55. The firm has a 50-day simple moving average of $91.31 and a 200 day simple moving average of $81.63. 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 12 month low of $53.44 and a 12 month high of $96.18.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 3,843,929 shares of the company's stock, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,177 shares of company stock worth $12,478,149. 45.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group boosted their price target on Walmart from $92.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Piper Sandler boosted their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Redburn Atlantic upgraded Walmart to a "strong-buy" rating in a research note on Monday, September 23rd. BMO Capital Markets lifted their price objective on Walmart from $80.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Finally, Oppenheimer raised their price target on Walmart from $81.00 to $90.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $94.69.

Check Out Our Latest Analysis on WMT

Walmart Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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