Adell Harriman & Carpenter Inc. Boosts Stake in Walmart Inc. (NYSE:WMT)

Adell Harriman & Carpenter Inc. grew its stake in shares of Walmart Inc. (NYSE:WMT) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 159,289 shares of the retailer’s stock after buying an additional 8,660 shares during the period. Walmart accounts for 1.0% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 27th largest position. Adell Harriman & Carpenter Inc.’s holdings in Walmart were worth $14,392,000 at the end of the most recent reporting period.

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

Walmart Stock Down 1.0 %

Shares of Walmart stock opened at $104.04 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock has a market capitalization of $835.78 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 52-week low of $55.99 and a 52-week high of $105.30. The company has a 50-day simple moving average of $94.99 and a two-hundred day simple moving average of $85.33.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The business 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 business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. On average, analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 175,177 shares of company stock valued at $16,403,728. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WMT. Truist Financial boosted their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Robert W. Baird boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Piper Sandler boosted their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. UBS Group boosted their price objective on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Citigroup boosted their price objective on shares of Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

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.