Strategic Financial Concepts LLC Purchases 7,079 Shares of Walmart Inc. (NYSE:WMT)

Strategic Financial Concepts LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 36.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,435 shares of the retailer’s stock after purchasing an additional 7,079 shares during the quarter. Strategic Financial Concepts LLC’s holdings in Walmart were worth $2,388,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Peterson Financial Group Inc. bought a new position in Walmart in the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart in the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. increased its position in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter worth about $32,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the third quarter valued at approximately $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Down 1.0 %

Walmart stock opened at $104.04 on Tuesday. 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 Inc. has a 52 week low of $55.99 and a 52 week high of $105.30. The business’s 50-day moving average price is $94.99 and its 200 day moving average price is $85.56. The firm has a market cap of $835.78 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55.

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

Insider Activity at Walmart

In related news, Director Robert Edward Jr. Moritz bought 5,446 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WMT has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Stifel Nicolaus raised their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Tigress Financial upped their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Wells Fargo & Company boosted their target price on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Sanford C. Bernstein increased their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Two 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’s stock. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $100.53.

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.