Dale Q Rice Investment Management Ltd Acquires New Shares in Walmart Inc. (NYSE:WMT)

Dale Q Rice Investment Management Ltd bought a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,235 shares of the retailer’s stock, valued at approximately $202,000.

Other large investors have also recently made changes to their positions in the company. TPG Financial Advisors LLC purchased a new stake in Walmart during the 4th quarter worth about $226,000. Traveka Wealth LLC increased its position in shares of Walmart by 40.0% during the fourth quarter. Traveka Wealth LLC now owns 11,069 shares of the retailer’s stock valued at $1,000,000 after buying an additional 3,160 shares during the period. BCS Wealth Management purchased a new stake in shares of Walmart in the fourth quarter worth about $816,000. Granite Bay Wealth Management LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $220,000. Finally, PFW Advisors LLC purchased a new position in Walmart during the fourth quarter valued at approximately $1,588,000. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on WMT shares. Robert W. Baird raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Barclays boosted their target price on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Truist Financial raised their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Evercore ISI boosted their price objective on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, Stifel Nicolaus upped their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.08.

Walmart Stock Performance

Shares of NYSE:WMT opened at $91.39 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $90.56 and a 200-day moving average price of $80.80. The company has a market cap of $734.17 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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 in the prior year, the company posted $0.51 EPS. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

Insider Activity at Walmart

In other Walmart 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 completion of the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,347 shares of company stock worth $12,311,491 over the last quarter. 45.58% of the stock is owned by corporate insiders.

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.