Access Financial Services Inc. Makes New $264,000 Investment in Walmart Inc. (NYSE:WMT)

Access Financial Services Inc. bought a new stake in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,925 shares of the retailer’s stock, valued at approximately $264,000.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WMT shares. Piper Sandler increased their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Citigroup lifted their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Roth Mkm increased their price target 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 upped their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird increased their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average target price of $94.49.

Walmart Price Performance

Shares of NYSE WMT opened at $92.02 on Tuesday. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. 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 firm has a market cap of $739.19 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The business has a 50 day moving average price of $91.15 and a two-hundred day moving average price of $81.46.

Walmart (NYSE:WMT) last announced 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. The firm 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%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 earnings per share. Sell-side analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, 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 transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 140,177 shares of company stock worth $12,478,149 over the last quarter. 45.58% of the stock is owned by company insiders.

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.