Trueblood Wealth Management LLC Acquires 2,177 Shares of Walmart Inc. (NYSE:WMT)

Trueblood Wealth Management LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 17.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,879 shares of the retailer’s stock after acquiring an additional 2,177 shares during the period. Trueblood Wealth Management LLC’s holdings in Walmart were worth $1,344,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in Walmart by 3.2% in the second quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer’s stock valued at $25,961,000 after buying an additional 11,816 shares during the period. Commonwealth Financial Services LLC raised its position in shares of Walmart by 159.6% in the 2nd quarter. Commonwealth Financial Services LLC now owns 24,544 shares of the retailer’s stock valued at $1,710,000 after acquiring an additional 15,091 shares during the period. HighVista Strategies LLC boosted its stake in Walmart by 24.3% during the 2nd quarter. HighVista Strategies LLC now owns 22,500 shares of the retailer’s stock worth $1,523,000 after acquiring an additional 4,400 shares during the last quarter. Nippon Life Global Investors Americas Inc. grew its holdings in Walmart by 34.3% during the second quarter. Nippon Life Global Investors Americas Inc. now owns 185,400 shares of the retailer’s stock valued at $12,553,000 after purchasing an additional 47,380 shares during the period. Finally, Beck Capital Management LLC increased its stake in Walmart by 21.1% in the second quarter. Beck Capital Management LLC now owns 69,472 shares of the retailer’s stock valued at $4,704,000 after purchasing an additional 12,104 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’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 completion of the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,177 shares of company stock valued at $12,478,149. 45.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WMT has been the subject of several research analyst reports. Tigress Financial boosted their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Barclays raised their price objective on shares of Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Truist Financial upped their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. UBS Group boosted their target price on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Melius Research began coverage on Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective on the stock. Two investment 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 stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average price target of $94.49.

Walmart Price Performance

WMT stock opened at $92.02 on Tuesday. 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 stock has a market cap of $739.19 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. The company has a 50 day simple moving average of $91.15 and a 200 day simple moving average of $81.46.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts anticipate 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.