Elevation Wealth Partners LLC Raises Stake in Walmart Inc. (NYSE:WMT)

Elevation Wealth Partners LLC raised its stake in Walmart Inc. (NYSE:WMT) by 40.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 525 shares of the retailer’s stock after buying an additional 150 shares during the quarter. Elevation Wealth Partners LLC’s holdings in Walmart were worth $47,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the 3rd quarter worth $26,000. Fiduciary Advisors Inc. purchased a new position in shares of Walmart during the 4th quarter worth $27,000. Voisard Asset Management Group Inc. grew 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 purchasing an additional 174 shares during the period. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the 4th quarter worth $32,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart during the 3rd quarter worth $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WMT. Guggenheim increased their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group increased their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Tigress Financial increased their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. TD Cowen increased their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Roth Mkm increased their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.95.

Walmart Price Performance

Shares of NYSE WMT opened at $102.77 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $103.11. The firm has a market capitalization of $825.62 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The stock’s 50-day simple moving average is $94.07 and its 200-day simple moving average is $84.36.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the company earned $0.51 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock worth $16,403,728 in the last quarter. 45.58% of the stock is owned by insiders.

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.