Fagan Associates Inc. Takes Position in Walmart Inc. (NYSE:WMT)

Fagan Associates Inc. bought a new position in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,269 shares of the retailer’s stock, valued at approximately $205,000.

A number of other institutional investors have also added to or reduced their stakes in WMT. Fiduciary Advisors Inc. acquired a new position in shares of Walmart in the 4th quarter valued at $27,000. Peterson Financial Group Inc. bought a new stake in Walmart in the third quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter worth about $32,000. Voisard Asset Management Group Inc. lifted its stake in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Finally, Hara Capital LLC acquired a new stake in Walmart during the third quarter valued at approximately $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Up 0.1 %

Shares of Walmart stock opened at $103.90 on Thursday. The business has a fifty day simple moving average of $95.56 and a 200 day simple moving average of $86.17. The stock has a market cap of $834.69 billion, a PE ratio of 42.64, a price-to-earnings-growth ratio of 4.39 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12 month low of $57.60 and a 12 month high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company earned $0.51 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Robert W. Baird raised their target price on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday. KeyCorp boosted their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. UBS Group increased their target price on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Guggenheim boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. 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 stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $101.87.

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.