Sharp Financial Services LLC Acquires 200 Shares of Walmart Inc. (NYSE:WMT)

Sharp Financial Services LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,882 shares of the retailer’s stock after acquiring an additional 200 shares during the quarter. Sharp Financial Services LLC’s holdings in Walmart were worth $712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new stake in Walmart in the third quarter valued at about $26,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter worth about $32,000. Hoese & Co LLP bought a new stake in Walmart during the third quarter worth about $33,000. Finally, Livelsberger Financial Advisory bought a new stake in Walmart during the third quarter worth about $36,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on 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. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’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 sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,928 shares of company stock worth $8,978,123 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.6 %

WMT opened at $93.75 on Friday. The firm’s fifty day moving average is $91.62 and its two-hundred day moving average is $81.87. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a market cap of $753.12 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 for the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

Analyst Upgrades and Downgrades

WMT has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Barclays increased their price target on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Roth Mkm increased their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial increased their price target on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein increased their price target on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $94.69.

About Walmart

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.