Walmart Inc. (NYSE:WMT) Shares Acquired by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. boosted its position in Walmart Inc. (NYSE:WMT) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,442 shares of the retailer’s stock after buying an additional 873 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Walmart were worth $6,364,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Driehaus Capital Management LLC grew its holdings in Walmart by 25.2% during the 2nd quarter. Driehaus Capital Management LLC now owns 13,461 shares of the retailer’s stock worth $911,000 after acquiring an additional 2,706 shares in the last quarter. Silver Lake Advisory LLC acquired a new position in Walmart in the second quarter worth about $263,000. Sunbelt Securities Inc. increased its holdings in Walmart by 1.5% in the second quarter. Sunbelt Securities Inc. now owns 40,993 shares of the retailer’s stock valued at $2,776,000 after buying an additional 620 shares during the last quarter. William B. Walkup & Associates Inc. bought a new stake in Walmart in the second quarter valued at about $4,812,000. Finally, Second Line Capital LLC lifted its holdings in Walmart by 4.5% during the 2nd quarter. Second Line Capital LLC now owns 43,836 shares of the retailer’s stock worth $2,968,000 after buying an additional 1,896 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Piper Sandler upped their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. BMO Capital Markets raised their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Roth Mkm boosted their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. KeyCorp raised their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company increased their price target on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $94.69.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,177 shares of company stock worth $12,895,688. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 2.8 %

WMT stock opened at $97.39 on Tuesday. The firm has a market cap of $782.38 billion, a PE ratio of 39.97, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12 month low of $54.51 and a 12 month high of $97.46. 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 50 day simple moving average of $92.02 and a 200 day simple moving average of $82.29.

Walmart (NYSE:WMT) last released its quarterly earnings data 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. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. Equities research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

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.