CWA Asset Management Group LLC Buys 271 Shares of Walmart Inc. (NYSE:WMT)

CWA Asset Management Group LLC increased its stake in Walmart Inc. (NYSE:WMT) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,078 shares of the retailer’s stock after buying an additional 271 shares during the period. CWA Asset Management Group LLC’s holdings in Walmart were worth $5,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WMT. Peterson Financial Group Inc. purchased a new stake in Walmart in the third quarter worth about $26,000. Voisard Asset Management Group Inc. raised its stake in Walmart by 77.3% during the third 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. Hoese & Co LLP bought a new stake in Walmart in the third quarter worth $33,000. Livelsberger Financial Advisory purchased a new stake in shares of Walmart in the third quarter worth $36,000. Finally, Hara Capital LLC purchased a new position in shares of Walmart in the 3rd quarter worth about $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Up 1.4 %

Shares of WMT traded up $1.28 on Monday, reaching $92.06. 3,571,354 shares of the company’s stock were exchanged, compared to its average volume of 9,576,908. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12 month low of $52.23 and a 12 month high of $96.18. The business has a 50 day moving average price of $89.41 and a two-hundred day moving average price of $79.80. The stock has a market capitalization of $739.55 billion, a P/E ratio of 37.78, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 earnings per share. Research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Melius Research began coverage on Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 target price on the stock. Barclays upped their price target on shares of Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Truist Financial raised their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley lifted their price objective on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, KeyCorp raised their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Two 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.69.

Insider Buying and Selling at Walmart

In related news, Director Robert Edward Jr. Moritz bought 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. 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 business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,412 shares of company stock valued at $12,478,116 in the last three months. Corporate insiders own 45.58% of the company’s stock.

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.