Walmart Inc. (NYSE:WMT) Shares Bought by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. raised its stake in shares of Walmart Inc. (NYSE:WMT) by 12.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,492 shares of the retailer’s stock after purchasing an additional 738 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Walmart were worth $587,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WMT. Brophy Wealth Management LLC purchased a new stake in shares of Walmart in the 3rd quarter valued at $2,072,000. Bank of New Hampshire boosted its holdings in Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Iowa State Bank raised its stake in shares of Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after buying an additional 18,263 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Walmart in the third quarter worth about $541,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value 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. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,347 shares of company stock valued at $12,311,491 in the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $91.39 on Tuesday. The company’s 50-day moving average is $90.56 and its two-hundred day moving average is $80.80. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. 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 firm has a market capitalization of $734.17 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. Analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on WMT. Melius Research started coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. Telsey Advisory Group raised their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Roth Mkm upped their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Citigroup lifted their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $94.08.

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.