Sound Stewardship LLC Makes New $276,000 Investment in Walmart Inc. (NYSE:WMT)

Sound Stewardship LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the 4th quarter, HoldingsChannel reports. The fund acquired 3,055 shares of the retailer’s stock, valued at approximately $276,000.

A number of other hedge funds have also recently modified their holdings of WMT. Peterson Financial Group Inc. purchased a new stake in Walmart in the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. lifted its stake in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Decker Retirement Planning Inc. purchased a new stake in Walmart during the fourth quarter worth $32,000. Hoese & Co LLP acquired a new stake in Walmart during the third quarter valued at $33,000. Finally, Livelsberger Financial Advisory purchased a new position in Walmart in the third quarter valued at $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total value of $1,207,500.00. Following the completion of the transaction, the executive vice president now directly owns 579,915 shares of the company’s stock, valued at $53,352,180. The trade was a 2.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. 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. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on WMT. Truist Financial increased 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. 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. Oppenheimer upped their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Evercore ISI lifted their price target on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Bank of America upped their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.69.

Walmart Price Performance

WMT stock opened at $97.55 on Thursday. Walmart Inc. has a 52-week low of $54.54 and a 52-week high of $98.17. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market cap of $783.66 billion, a price-to-earnings ratio of 40.03, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The business has a fifty day moving average of $92.50 and a two-hundred day moving average of $82.69.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the company earned $0.51 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current 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.