RTD Financial Advisors Inc. Takes Position in Walmart Inc. (NYSE:WMT)

RTD Financial Advisors Inc. acquired a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,426 shares of the retailer’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Driehaus Capital Management LLC lifted its position in Walmart by 25.2% in the 2nd quarter. Driehaus Capital Management LLC now owns 13,461 shares of the retailer’s stock valued at $911,000 after acquiring an additional 2,706 shares in the last quarter. Silver Lake Advisory LLC bought a new stake in shares of Walmart in the second quarter valued at about $263,000. Sunbelt Securities Inc. boosted its position in shares of Walmart by 1.5% during the second quarter. Sunbelt Securities Inc. now owns 40,993 shares of the retailer’s stock worth $2,776,000 after buying an additional 620 shares during the period. William B. Walkup & Associates Inc. acquired a new stake in Walmart in the 2nd quarter valued at approximately $4,812,000. Finally, Second Line Capital LLC lifted its stake in Walmart by 4.5% in the 2nd quarter. Second Line Capital LLC now owns 43,836 shares of the retailer’s stock valued at $2,968,000 after acquiring an additional 1,896 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

WMT stock opened at $97.39 on Tuesday. The stock has a market cap of $782.38 billion, a price-to-earnings ratio of 39.97, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The company has a 50 day simple moving average of $92.02 and a 200 day simple moving average of $82.29. Walmart Inc. has a 1 year low of $54.51 and a 1 year high of $97.46.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. Research analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. TD Cowen boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI raised their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Sanford C. Bernstein upped their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, KeyCorp raised their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.69.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the transaction, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,177 shares of company stock worth $12,895,688 in the last ninety days. Company insiders own 45.58% of the company’s stock.

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.