Caldwell Sutter Capital Inc. Purchases 1,504 Shares of Walmart Inc. (NYSE:WMT)

Caldwell Sutter Capital Inc. grew its position in shares of Walmart Inc. (NYSE:WMT) by 18.7% in the 4th quarter, HoldingsChannel reports. The firm owned 9,536 shares of the retailer’s stock after acquiring an additional 1,504 shares during the quarter. Caldwell Sutter Capital Inc.’s holdings in Walmart were worth $862,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC raised its position in Walmart by 44.8% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 2,726 shares of the retailer’s stock worth $185,000 after purchasing an additional 843 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Walmart in the second quarter worth about $45,264,000. Arkos Global Advisors lifted its stake in shares of Walmart by 7.8% in the 2nd quarter. Arkos Global Advisors now owns 22,184 shares of the retailer’s stock valued at $1,502,000 after acquiring an additional 1,605 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in Walmart by 14.8% during the 2nd quarter. Kathmere Capital Management LLC now owns 44,866 shares of the retailer’s stock valued at $3,038,000 after acquiring an additional 5,769 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc bought a new position in Walmart during the 2nd quarter worth approximately $270,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMT. TD Cowen raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Guggenheim upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays raised their target price on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Roth Mkm upped their price target on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Truist Financial lifted their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $94.69.

Insider Activity at Walmart

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 completion of the sale, the chief executive officer now directly owns 3,814,805 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the sale, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

Shares of NYSE WMT opened at $94.84 on Friday. The firm’s 50-day moving average price is $92.02 and its 200-day moving average price is $82.13. Walmart Inc. has a 52-week low of $53.47 and a 52-week high of $96.18. The company has a market cap of $761.90 billion, a PE ratio of 38.92, a PEG ratio of 4.42 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 (NYSE:WMT) last issued 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. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share. As a group, analysts anticipate that Walmart Inc. will post 2.48 EPS for the current 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.