Walmart Inc. (NYSE:WMT) Stake Lifted by Red Door Wealth Management LLC

Red Door Wealth Management LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,850 shares of the retailer's stock after acquiring an additional 5,783 shares during the quarter. Walmart accounts for 1.9% of Red Door Wealth Management LLC's holdings, making the stock its 10th largest position. Red Door Wealth Management LLC's holdings in Walmart were worth $12,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jennison Associates LLC grew its holdings in Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer's stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. FMR LLC grew its stake in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares during the period. International Assets Investment Management LLC increased its holdings in Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer's stock worth $562,280,000 after acquiring an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC raised its position in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock worth $7,048,465,000 after acquiring an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC grew its position 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 purchasing an additional 2,107,197 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Up 1.1 %

WMT stock traded up $1.03 during midday trading on Friday, hitting $94.84. The company's stock had a trading volume of 14,969,066 shares, compared to its average volume of 12,195,606. The firm has a 50-day simple moving average of $92.02 and a 200-day simple moving average of $82.13. The firm has a market capitalization of $761.90 billion, a P/E ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52-week low of $53.47 and a 52-week high of $96.18.

Walmart (NYSE:WMT - Get Free Report) last released 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 firm had revenue of $169.59 billion during the quarter, compared to analysts' expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart'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 EPS. As a group, equities analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citigroup raised their price target on shares of Walmart from $75.00 to $98.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Robert W. Baird raised their target price on Walmart from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Jefferies Financial Group boosted their price target on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. DZ Bank downgraded Walmart from a "buy" rating to a "hold" rating and set a $91.00 price objective for the company. in a research note on Thursday, November 21st. Finally, Roth Mkm lifted their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Two 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 company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $94.69.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares of the company's stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,177 shares of company stock valued at $12,895,688 over the last 90 days. 45.58% of the stock is 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.