Alterna Wealth Management Inc. Has $503,000 Position in Walmart Inc. (NYSE:WMT)

Alterna Wealth Management Inc. raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,563 shares of the retailer’s stock after buying an additional 500 shares during the quarter. Alterna Wealth Management Inc.’s holdings in Walmart were worth $503,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Czech National Bank boosted its stake in Walmart by 8.7% in the third quarter. Czech National Bank now owns 884,820 shares of the retailer’s stock worth $71,449,000 after purchasing an additional 70,808 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Walmart by 32.5% during the 3rd quarter. GAMMA Investing LLC now owns 71,684 shares of the retailer’s stock worth $5,788,000 after buying an additional 17,593 shares during the period. WealthBridge Capital Management LLC acquired a new stake in Walmart during the 3rd quarter worth $336,000. Diversified Trust Co increased its holdings in Walmart by 4.8% in the third quarter. Diversified Trust Co now owns 129,449 shares of the retailer’s stock valued at $10,453,000 after purchasing an additional 5,983 shares during the last quarter. Finally, Everpar Advisors LLC raised its position in shares of Walmart by 2.3% in the 3rd quarter. Everpar Advisors LLC now owns 20,373 shares of the retailer’s stock valued at $1,645,000 after acquiring an additional 449 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WMT. TD Cowen lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley lifted their price objective on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. BMO Capital Markets increased their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Jefferies Financial Group lifted their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Oppenheimer increased their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.37.

Insider Buying and Selling

In other Walmart news, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. This represents a 230.86 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock worth $12,649,328 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

WMT opened at $99.60 on Tuesday. The business has a fifty day moving average of $93.07 and a 200 day moving average of $83.27. The stock has a market cap of $800.13 billion, a P/E ratio of 40.88, a PEG ratio of 4.49 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 52-week low of $55.85 and a 52-week high of $99.79.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 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 for the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the business posted $0.51 EPS. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side 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.