Goldstein Advisors LLC Acquires 976 Shares of Walmart Inc. (NYSE:WMT)

Goldstein Advisors LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 27.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,479 shares of the retailer’s stock after buying an additional 976 shares during the period. Goldstein Advisors LLC’s holdings in Walmart were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Brophy Wealth Management LLC bought a new position in shares of Walmart during the third quarter valued at about $2,072,000. Bank of New Hampshire lifted its position in shares of Walmart by 13.7% during 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 in the last quarter. Iowa State Bank lifted its position in shares of Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after purchasing an additional 18,263 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Walmart during the third quarter valued at about $541,000. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on WMT. Stifel Nicolaus raised their price target on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Tigress Financial lifted their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Morgan Stanley lifted their price objective on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday. KeyCorp lifted their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a research report on Thursday, November 21st. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $94.69.

Walmart Trading Up 1.1 %

Shares of Walmart stock opened at $94.84 on Friday. Walmart Inc. has a 1 year low of $53.47 and a 1 year high of $96.18. The firm has a market cap of $761.90 billion, a PE ratio of 38.92, a PEG ratio of 4.42 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 company has a 50 day simple moving average of $91.81 and a two-hundred day simple moving average of $81.95.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating 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 business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the business posted $0.51 earnings per share. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock worth $12,895,688 over the last three months. 45.58% of the stock is owned by insiders.

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.