Crescent Sterling Ltd. Acquires 323 Shares of Walmart Inc. (NYSE:WMT)

Crescent Sterling Ltd. lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,341 shares of the retailer’s stock after purchasing an additional 323 shares during the quarter. Walmart accounts for approximately 1.1% of Crescent Sterling Ltd.’s portfolio, making the stock its 29th largest position. Crescent Sterling Ltd.’s holdings in Walmart were worth $1,025,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WMT. Piper Sandler upped their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Bank of America raised their price objective on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Citigroup boosted their target price on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Robert W. Baird raised their price target on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.08.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,412 shares of company stock worth $12,478,116. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $93.03 on Monday. 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 company has a market capitalization of $747.35 billion, a PE ratio of 38.18, a PEG ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 1-year low of $53.39 and a 1-year high of $96.18. The business has a fifty day moving average price of $90.38 and a 200-day moving average price of $80.63.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the company earned $0.51 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Walmart 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.