Accurate Wealth Management LLC Has $2.95 Million Position in Walmart Inc. (NYSE:WMT)

Accurate Wealth Management LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 6.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,691 shares of the retailer’s stock after buying an additional 2,036 shares during the quarter. Accurate Wealth Management LLC’s holdings in Walmart were worth $2,947,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. William Blair Investment Management LLC lifted its position in Walmart by 307.8% during the 2nd quarter. William Blair Investment Management LLC now owns 202,506 shares of the retailer’s stock valued at $13,712,000 after purchasing an additional 152,845 shares during the period. Wulff Hansen & CO. raised its stake in shares of Walmart by 6,671.0% during the second quarter. Wulff Hansen & CO. now owns 943,742 shares of the retailer’s stock worth $63,901,000 after buying an additional 929,804 shares during the last quarter. Terril Brothers Inc. lifted its holdings in Walmart by 29.4% in the second quarter. Terril Brothers Inc. now owns 6,339 shares of the retailer’s stock valued at $429,000 after buying an additional 1,440 shares during the period. WealthPLAN Partners LLC boosted its stake in Walmart by 3.5% in the second quarter. WealthPLAN Partners LLC now owns 121,938 shares of the retailer’s stock valued at $8,256,000 after acquiring an additional 4,105 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. acquired a new stake in Walmart during the 2nd quarter worth $657,000. 26.76% of the stock is currently owned by institutional investors.

Insider Transactions at Walmart

In related news, SVP David Chojnowski sold 5,600 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the transaction, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,347 shares of company stock worth $12,311,491 in the last three months. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. TD Cowen raised their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Roth Mkm boosted their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup increased their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average target price of $94.08.

Walmart Trading Down 0.8 %

NYSE:WMT opened at $90.79 on Wednesday. The company has a market cap of $729.35 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The business has a 50 day moving average price of $90.70 and a two-hundred day moving average price of $80.96. 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 (NYSE:WMT) last announced 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 business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. As a group, analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal 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.