Walmart Inc. (NYSE:WMT) Shares Acquired by Red Door Wealth Management LLC

Red Door Wealth Management LLC lifted its position in shares of Walmart Inc. (NYSE:WMT) by 4.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 136,850 shares of the retailer’s stock after acquiring an additional 5,783 shares during the period. Walmart makes up approximately 1.9% of Red Door Wealth Management LLC’s investment portfolio, 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 & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WMT. Drucker Wealth 3.0 LLC acquired a new position in Walmart in the 2nd quarter valued at about $275,000. Deerfield Management Company L.P. Series C raised its stake in Walmart by 84.2% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 10,384 shares of the retailer’s stock valued at $703,000 after purchasing an additional 4,747 shares during the last quarter. MBB Public Markets I LLC raised its stake in Walmart by 2,233.2% in the 2nd quarter. MBB Public Markets I LLC now owns 314,186 shares of the retailer’s stock valued at $21,274,000 after purchasing an additional 300,720 shares during the last quarter. Mackenzie Financial Corp raised its stake in Walmart by 0.8% in the 2nd quarter. Mackenzie Financial Corp now owns 4,592,715 shares of the retailer’s stock valued at $310,973,000 after purchasing an additional 34,588 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $94.84 on Friday. The business’s 50 day moving average is $91.81 and its two-hundred day moving average is $81.95. Walmart Inc. has a 52-week low of $53.47 and a 52-week high of $96.18. The firm has a market cap of $761.90 billion, a price-to-earnings 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 (NYSE:WMT) last announced its earnings results 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 return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the company posted $0.51 EPS. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WMT. Morgan Stanley boosted their target price on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday. TD Cowen upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial upped their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays upped their price objective on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Tigress Financial upped their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Two investment 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.69.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’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 transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 140,177 shares of company stock valued at $12,895,688 in the last three months. Corporate insiders own 45.58% of the company’s stock.

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.