2,726 Shares in Walmart Inc. (NYSE:WMT) Purchased by R Squared Ltd

R Squared Ltd acquired a new stake in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,726 shares of the retailer’s stock, valued at approximately $246,000.

Other institutional investors also recently added to or reduced their stakes in the company. Foster Group Inc. boosted its stake in shares of Walmart by 33.3% in the 4th quarter. Foster Group Inc. now owns 20,111 shares of the retailer’s stock valued at $1,817,000 after purchasing an additional 5,023 shares in the last quarter. Fulton Breakefield Broenniman LLC boosted its position in Walmart by 73.1% in the fourth quarter. Fulton Breakefield Broenniman LLC now owns 8,176 shares of the retailer’s stock valued at $739,000 after buying an additional 3,453 shares in the last quarter. NorthStar Asset Management LLC NJ bought a new stake in Walmart during the fourth quarter worth about $213,000. Mayflower Financial Advisors LLC increased its holdings in shares of Walmart by 7.2% during the fourth quarter. Mayflower Financial Advisors LLC now owns 7,491 shares of the retailer’s stock worth $677,000 after buying an additional 504 shares in the last quarter. Finally, Kennedy Investment Group raised its stake in shares of Walmart by 2.4% in the fourth quarter. Kennedy Investment Group now owns 6,745 shares of the retailer’s stock valued at $609,000 after acquiring an additional 160 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,177 shares of company stock worth $12,649,328. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research analyst reports. Tigress Financial increased their price target on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. KeyCorp increased their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Wells Fargo & Company lifted their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Piper Sandler increased their price objective 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, Evercore ISI boosted their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.69.

Walmart Trading Up 1.1 %

NYSE WMT opened at $98.61 on Friday. 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 stock’s 50-day moving average is $92.71 and its 200-day moving average is $82.79. Walmart Inc. has a one year low of $55.04 and a one year high of $98.93. The firm has a market cap of $792.15 billion, a P/E ratio of 40.47, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating 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 firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Walmart Inc. will post 2.48 earnings per share 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.