ACT Advisors LLC. Invests $216,000 in Walmart Inc. (NYSE:WMT)

ACT Advisors LLC. acquired a new position in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,386 shares of the retailer’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. increased its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Walmart during the 3rd quarter worth approximately $33,000. Livelsberger Financial Advisory acquired a new position in shares of Walmart during the 3rd quarter worth approximately $36,000. Finally, Hara Capital LLC acquired a new position in shares of Walmart during the 3rd quarter worth approximately $37,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,412 shares of company stock valued at $12,478,116. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. KeyCorp boosted their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Barclays upped their price objective on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America upped their price objective on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus upped their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.08.

Walmart Trading Down 1.4 %

Walmart stock traded down $1.33 during trading hours on Monday, hitting $91.67. The stock had a trading volume of 3,906,815 shares, compared to its average volume of 12,339,920. 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 stock has a market cap of $736.42 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 4.47 and a beta of 0.55. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. The business’s 50 day simple moving average is $90.38 and its 200-day simple moving average is $80.63.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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 company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, equities analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

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.