Chemistry Wealth Management LLC Invests $301,000 in Walmart Inc. (NYSE:WMT)

Chemistry Wealth Management LLC bought a new position in Walmart Inc. (NYSE:WMT) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,327 shares of the retailer’s stock, valued at approximately $301,000.

Several other large investors have also recently made changes to their positions in the company. Brophy Wealth Management LLC purchased a new position in Walmart in the third quarter worth about $2,072,000. Bank of New Hampshire grew its position in Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Iowa State Bank grew its position in Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Fisher Asset Management LLC grew its position in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Walmart in the third quarter worth about $541,000. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

NYSE WMT opened at $92.02 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 fifty day moving average price is $91.01 and its 200 day moving average price is $81.10. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18. The company has a market cap of $739.19 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last released its 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 return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares in the company, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were 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. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,177 shares of company stock valued at $12,478,149. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on WMT shares. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Morgan Stanley boosted their target price on Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Evercore ISI boosted their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Sanford C. Bernstein boosted their target price on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird boosted their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $94.49.

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.