Sound Stewardship LLC Invests $276,000 in Walmart Inc. (NYSE:WMT)

Sound Stewardship LLC bought a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,055 shares of the retailer's stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fortitude Advisory Group L.L.C. boosted its holdings in shares of Walmart by 0.5% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 29,253 shares of the retailer's stock valued at $2,643,000 after acquiring an additional 144 shares in the last quarter. TRU Independence Asset Management 2 LLC boosted its holdings in Walmart by 14.7% in the 4th quarter. TRU Independence Asset Management 2 LLC now owns 5,865 shares of the retailer's stock valued at $531,000 after purchasing an additional 750 shares in the last quarter. Acorn Creek Capital LLC increased its position in Walmart by 5.1% during the 4th quarter. Acorn Creek Capital LLC now owns 3,353 shares of the retailer's stock worth $303,000 after purchasing an additional 162 shares during the period. IRON Financial LLC increased its position in Walmart by 4.7% during the 4th quarter. IRON Financial LLC now owns 4,550 shares of the retailer's stock worth $411,000 after purchasing an additional 203 shares during the period. Finally, Greenup Street Wealth Management LLC raised its stake in shares of Walmart by 25.5% during the 4th quarter. Greenup Street Wealth Management LLC now owns 3,676 shares of the retailer's stock worth $332,000 after buying an additional 746 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 460,705 shares of the company's stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares of the company's stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock valued at $12,895,688 over the last three months. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on WMT. Morgan Stanley upped their target price on shares of Walmart from $100.00 to $106.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. BMO Capital Markets lifted their price objective on Walmart from $80.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Piper Sandler increased their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. Oppenheimer boosted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Finally, KeyCorp increased their target price on Walmart from $96.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $94.69.

Walmart Stock Up 1.1 %

Shares of Walmart stock traded up $1.11 on Thursday, hitting $98.61. 10,993,827 shares of the company's stock traded hands, compared to its average volume of 15,021,106. Walmart Inc. has a 52-week low of $55.04 and a 52-week high of $98.93. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market cap of $792.15 billion, a P/E ratio of 40.47, a PEG ratio of 4.42 and a beta of 0.55. The firm's 50-day moving average is $92.71 and its 200 day moving average is $82.79.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the business earned $0.51 EPS. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

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.