Walmart Inc. (NYSE:WMT) Stock Position Raised by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. lifted its position in Walmart Inc. (NYSE:WMT) by 5.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,960 shares of the retailer’s stock after acquiring an additional 952 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Walmart were worth $1,807,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WMT. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the 3rd quarter worth $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in Walmart in the 4th quarter valued at $32,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart in the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 1.1 %

Shares of WMT stock opened at $103.62 on Thursday. Walmart Inc. has a 12-month low of $55.85 and a 12-month high of $103.90. The company has a market capitalization of $832.42 billion, a P/E ratio of 42.53, a P/E/G ratio of 4.25 and a beta of 0.55. The firm has a 50-day moving average price of $94.45 and a 200 day moving average price of $84.82. 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 quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WMT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday. Jefferies Financial Group raised their target price on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Stifel Nicolaus raised their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Robert W. Baird increased their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Telsey Advisory Group increased their price target on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $98.56.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by corporate insiders.

Walmart Company 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.