Forza Wealth Management LLC Acquires 357 Shares of Walmart Inc. (NYSE:WMT)

Forza Wealth Management LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,397 shares of the retailer’s stock after purchasing an additional 357 shares during the quarter. Forza Wealth Management LLC’s holdings in Walmart were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. increased its holdings in shares of 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 in the last quarter. Hoese & Co LLP purchased a new stake in shares of Walmart during the third quarter valued at $33,000. Livelsberger Financial Advisory bought a new stake in Walmart in the 3rd quarter worth about $36,000. Finally, Hara Capital LLC bought a new position in Walmart during the 3rd quarter valued at about $37,000. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on WMT. Oppenheimer raised their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Bank of America upped their price objective on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. KeyCorp upped their price target on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial increased their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company raised their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.08.

Walmart Stock Down 1.6 %

Shares of WMT stock traded down $1.46 during trading on Monday, reaching $91.54. The company’s stock had a trading volume of 10,201,681 shares, compared to its average volume of 13,255,322. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. The company has a market capitalization of $735.38 billion, a price-to-earnings ratio of 37.57, a P/E/G ratio of 4.47 and a beta of 0.55. 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 50-day moving average price is $90.38 and its 200 day moving average price is $80.63.

Walmart (NYSE:WMT) last released 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

Insider Transactions at Walmart

In related news, 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 value of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at $36,915,110.17. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,412 shares of company stock worth $12,478,116. Company 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.