Traynor Capital Management Inc. Acquires 1,385 Shares of Walmart Inc. (NYSE:WMT)

Traynor Capital Management Inc. raised its holdings in Walmart Inc. (NYSE:WMT) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,449 shares of the retailer’s stock after purchasing an additional 1,385 shares during the quarter. Traynor Capital Management Inc.’s holdings in Walmart were worth $2,209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brophy Wealth Management LLC bought a new position in shares of Walmart in the third quarter worth about $2,072,000. Bank of New Hampshire increased its holdings in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares in the last quarter. Iowa State Bank raised its position in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Walmart in the 3rd quarter valued at $541,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the sale, the senior vice president now directly owns 87,404 shares in the company, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,928 shares of company stock worth $8,978,123 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of WMT opened at $93.75 on Friday. The stock has a market capitalization of $753.12 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 4.42 and a beta of 0.55. 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 $91.62 and a 200 day simple moving average of $81.87. 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 posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. Research analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Evercore ISI upped their price target on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Telsey Advisory Group upped their target price on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company boosted their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Stifel Nicolaus raised their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Jefferies Financial Group upped their target price on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.69.

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.