Traveka Wealth LLC Acquires 3,160 Shares of Walmart Inc. (NYSE:WMT)

Traveka Wealth LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 40.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,069 shares of the retailer’s stock after acquiring an additional 3,160 shares during the quarter. Traveka Wealth LLC’s holdings in Walmart were worth $1,000,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Kozak & Associates Inc. increased its stake in Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after buying an additional 113 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its stake in shares of Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after acquiring an additional 118 shares during the period. Lowe Wealth Advisors LLC grew its position in shares of Walmart by 13.5% during the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after purchasing an additional 121 shares in the last quarter. Providence Wealth Advisors LLC raised its stake in Walmart by 0.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after purchasing an additional 122 shares during the period. Finally, 3Chopt Investment Partners LLC lifted its holdings in Walmart by 0.4% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock worth $2,635,000 after purchasing an additional 124 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research analyst reports. Truist Financial raised their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Piper Sandler upped their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Tigress Financial increased their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Sanford C. Bernstein boosted their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Evercore ISI lifted their target price on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.08.

Insider Activity

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, October 24th. The shares were 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 owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 138,347 shares of company stock worth $12,311,491. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $91.39 on Tuesday. The company has a market cap of $734.17 billion, a PE ratio of 37.51, a P/E/G ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 52-week low of $53.44 and a 52-week high of $96.18. 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’s 50 day moving average price is $90.56 and its 200-day moving average price is $80.80.

Walmart (NYSE:WMT) last announced its quarterly earnings results 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. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. Sell-side analysts forecast that Walmart Inc. will post 2.47 EPS 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.