Nilsine Partners LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

Nilsine Partners LLC boosted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 41.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,850 shares of the retailer's stock after buying an additional 11,003 shares during the quarter. Nilsine Partners LLC's holdings in Walmart were worth $3,420,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter worth about $26,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Walmart during the 4th quarter valued at $32,000. Hoese & Co LLP purchased a new stake in shares of Walmart in the 3rd quarter worth $33,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Walmart during the 3rd quarter worth $36,000. Institutional investors own 26.76% of the company's stock.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on 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 owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm's 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 completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WMT. Evercore ISI boosted their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Truist Financial lifted their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Wells Fargo & Company increased their target price on shares of Walmart from $96.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, January 10th. Oppenheimer lifted their price target on shares of Walmart from $81.00 to $90.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Finally, StockNews.com cut Walmart from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 20th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.69.

Walmart Price Performance

WMT stock traded up $1.11 during mid-day trading on Thursday, reaching $98.61. The company's stock had a trading volume of 10,992,918 shares, compared to its average volume of 15,019,792. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company's 50 day moving average is $92.71 and its two-hundred day moving average is $82.79. The stock has a market cap of $792.15 billion, a PE ratio of 40.47, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $55.04 and a fifty-two week high of $98.93.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 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 analysts' expectations of $167.69 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. Walmart's revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts expect that Walmart Inc. will post 2.48 EPS 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.