JTC Employer Solutions Trustee Ltd Purchases 3,000 Shares of Walmart Inc. (NYSE:WMT)

JTC Employer Solutions Trustee Ltd lifted its position in shares of Walmart Inc. (NYSE:WMT) by 200.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,500 shares of the retailer’s stock after purchasing an additional 3,000 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in Walmart were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in WMT. Peterson Financial Group Inc. bought a new stake in Walmart in the third quarter worth $26,000. Voisard Asset Management Group Inc. boosted its holdings in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Hoese & Co LLP bought a new stake in Walmart in the third quarter worth $33,000. Livelsberger Financial Advisory bought a new stake in Walmart in the third quarter worth $36,000. Finally, Hara Capital LLC bought a new stake in Walmart in the third quarter worth $37,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,412 shares of company stock valued at $12,478,116. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Telsey Advisory Group upped their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Wells Fargo & Company upped their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Friday. UBS Group upped their price target on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Oppenheimer upped their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Two research 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, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $94.08.

Walmart Price Performance

WMT traded down $1.67 during trading on Monday, reaching $91.33. 5,130,230 shares of the company traded hands, compared to its average volume of 12,528,863. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The firm has a fifty day simple moving average of $90.38 and a 200 day simple moving average of $80.63. The company has a market cap of $733.69 billion, a P/E ratio of 37.48, a PEG ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.51 EPS. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Walmart Inc. will post 2.47 EPS 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.