Private Client Services LLC Has $715,000 Stock Position in Walmart Inc. (NYSE:WMT)

Private Client Services LLC lifted its position in Walmart Inc. (NYSE:WMT) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,909 shares of the retailer’s stock after buying an additional 488 shares during the period. Private Client Services LLC’s holdings in Walmart were worth $715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Koss Olinger Consulting LLC bought a new position in Walmart in the second quarter valued at approximately $203,000. Cahill Financial Advisors Inc. increased its holdings in Walmart by 4.8% during the second quarter. Cahill Financial Advisors Inc. now owns 3,531 shares of the retailer’s stock worth $239,000 after buying an additional 162 shares during the last quarter. LGT Group Foundation raised its position in Walmart by 1.0% during the second quarter. LGT Group Foundation now owns 62,093 shares of the retailer’s stock worth $4,204,000 after acquiring an additional 630 shares in the last quarter. LGT Fund Management Co Ltd. raised its position in Walmart by 23.3% during the second quarter. LGT Fund Management Co Ltd. now owns 83,083 shares of the retailer’s stock worth $5,626,000 after acquiring an additional 15,703 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in Walmart by 2.6% in the second quarter. Royal London Asset Management Ltd. now owns 1,855,610 shares of the retailer’s stock valued at $125,643,000 after acquiring an additional 47,226 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

NYSE:WMT traded up $0.89 on Wednesday, hitting $91.70. The company had a trading volume of 5,401,453 shares, compared to its average volume of 11,291,261. The firm has a 50 day moving average of $89.76 and a two-hundred day moving average of $80.13. The stock has a market capitalization of $736.66 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 52 week low of $52.58 and a 52 week high of $96.18. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the business posted $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 140,412 shares of company stock worth $12,478,116. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WMT. Citigroup upped their target price on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Evercore ISI lifted their target price on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Telsey Advisory Group increased their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Stifel Nicolaus lifted their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.69.

Walmart Company 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.