Cadinha & Co. LLC Has $19.56 Million Position in Walmart Inc. (NYSE:WMT)

Cadinha & Co. LLC increased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1,451.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 216,510 shares of the retailer's stock after acquiring an additional 202,558 shares during the quarter. Walmart comprises about 3.2% of Cadinha & Co. LLC's portfolio, making the stock its 13th largest holding. Cadinha & Co. LLC's holdings in Walmart were worth $19,562,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its position in shares of Walmart by 3.2% during the 2nd quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer's stock valued at $25,961,000 after purchasing an additional 11,816 shares during the last quarter. Sei Investments Co. grew its position in Walmart by 19.3% in the 2nd quarter. Sei Investments Co. now owns 1,541,659 shares of the retailer's stock valued at $104,388,000 after acquiring an additional 249,232 shares during the last quarter. Summit Trail Advisors LLC increased its stake in Walmart by 27.3% in the 2nd quarter. Summit Trail Advisors LLC now owns 35,845 shares of the retailer's stock worth $2,427,000 after buying an additional 7,698 shares during the period. Lavaca Capital LLC raised its stake in shares of Walmart by 1.6% during the second quarter. Lavaca Capital LLC now owns 20,745 shares of the retailer's stock valued at $1,405,000 after acquiring an additional 324 shares in the last quarter. Finally, Kowal Investment Group LLC raised its position in Walmart by 4.6% during the 2nd quarter. Kowal Investment Group LLC now owns 22,052 shares of the retailer's stock valued at $1,493,000 after purchasing an additional 976 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Up 0.8 %

WMT stock traded up $0.72 during mid-day trading on Monday, hitting $92.02. The stock had a trading volume of 15,705,502 shares, compared to its average volume of 14,296,278. The company has a fifty day moving average of $91.15 and a 200 day moving average of $81.46. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. The stock has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. 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 (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping 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 business had revenue of $169.59 billion during the quarter, compared to analysts' expectations of $167.69 billion. During the same period in the previous year, the company earned $0.51 earnings per share. Walmart's revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares of the company's stock, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,177 shares of company stock worth $12,478,149. Corporate insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WMT. Tigress Financial increased their target price on Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, December 13th. BMO Capital Markets lifted their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Roth Mkm upped their price objective on Walmart from $81.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Piper Sandler boosted their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Finally, UBS Group raised their price objective on Walmart from $92.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and an average price target of $94.49.

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.