Tallon Kerry Patrick Acquires Shares of 2,800 Walmart Inc. (NYSE:WMT)

Tallon Kerry Patrick bought a new position in Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,800 shares of the retailer's stock, valued at approximately $252,000.

A number of other hedge funds have also made changes to their positions in the company. Brophy Wealth Management LLC acquired a new stake in shares of Walmart during the third quarter worth approximately $2,072,000. Bank of New Hampshire boosted 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 worth $4,332,000 after purchasing an additional 5,786 shares in the last quarter. Iowa State Bank grew its holdings in shares of Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock worth $2,422,000 after purchasing an additional 18,263 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock valued at $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Walmart during the 3rd quarter worth about $541,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Up 0.8 %

Walmart stock traded up $0.72 during midday trading on Friday, reaching $92.02. The stock had a trading volume of 15,705,502 shares, compared to its average volume of 14,681,198. The stock has a market capitalization of $739.19 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The firm's fifty day simple moving average is $91.01 and its 200-day simple moving average is $81.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. 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 posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) 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 period last year, the company earned $0.51 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analyst Ratings Changes

WMT has been the topic of a number of research reports. Tigress Financial upped their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Morgan Stanley lifted their target price on Walmart from $89.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Wells Fargo & Company raised their price target on Walmart from $96.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, January 10th. Sanford C. Bernstein upped their target price on shares of Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group lifted their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $94.49.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company's 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 sale, the chief executive officer now 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 legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock valued at $12,478,149 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

Walmart Company 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.