Vishria Bird Financial Group LLC Boosts Position in Walmart Inc. (NYSE:WMT)

Vishria Bird Financial Group LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,899 shares of the retailer’s stock after acquiring an additional 677 shares during the period. Vishria Bird Financial Group LLC’s holdings in Walmart were worth $623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Peterson Financial Group Inc. purchased a new stake in Walmart in the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. boosted its holdings in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter worth about $32,000. Hoese & Co LLP purchased a new position in Walmart during the 3rd quarter valued at about $33,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $94.84 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a fifty-two week low of $53.47 and a fifty-two week high of $96.18. The firm has a 50-day simple moving average of $92.02 and a 200-day simple moving average of $82.21. The company has a market capitalization of $761.90 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $167.69 billion. During the same period last year, the business posted $0.51 EPS. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares in the company, valued at $348,852,396.42. The trade was a 0.77 % 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. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WMT. Truist Financial increased their price target 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. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price target on shares of Walmart in a research report on Wednesday, January 15th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Barclays lifted their target price on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, Jefferies Financial Group upped their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $94.69.

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.