YANKCOM Partnership Invests $826,000 in Walmart Inc. (NYSE:WMT)

YANKCOM Partnership purchased a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 9,141 shares of the retailer’s stock, valued at approximately $826,000.

Other hedge funds have also bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in shares of Walmart in the 3rd quarter worth about $26,000. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. boosted its stake in 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 acquiring an additional 174 shares during the period. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the fourth quarter valued at approximately $32,000. Finally, Hoese & Co LLP bought a new position in shares of Walmart during the third quarter valued at approximately $33,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

NYSE WMT opened at $101.17 on Friday. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $103.11. The stock’s 50-day moving average price is $93.89 and its two-hundred day moving average price is $83.95. The company has a market cap of $812.73 billion, a PE ratio of 41.52, a PEG ratio of 4.49 and a beta of 0.55. 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 issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Evercore ISI boosted their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Bank of America upped their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Oppenheimer increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday. Roth Mkm boosted their target price on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein raised their price target on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Two equities 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 company’s stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $96.01.

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.