Walter & Keenan Wealth Management LLC IN ADV Purchases 154 Shares of Walmart Inc. (NYSE:WMT)

Walter & Keenan Wealth Management LLC IN ADV increased its position in shares of Walmart Inc. (NYSE:WMT) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,221 shares of the retailer’s stock after acquiring an additional 154 shares during the quarter. Walmart comprises approximately 2.4% of Walter & Keenan Wealth Management LLC IN ADV’s investment portfolio, making the stock its 7th biggest holding. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Walmart were worth $7,880,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. SC&H Financial Advisors Inc. lifted its holdings in shares of Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after purchasing an additional 103 shares in the last quarter. Dakota Community Bank & Trust NA raised its holdings in Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after buying an additional 110 shares during the period. Hobart Private Capital LLC lifted its stake in Walmart by 1.6% in the fourth quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock valued at $626,000 after buying an additional 111 shares in the last quarter. Kozak & Associates Inc. lifted its stake in Walmart by 22.3% in the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after buying an additional 113 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC boosted its holdings in shares of Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 0.5 %

WMT stock opened at $102.45 on Wednesday. Walmart Inc. has a 1-year low of $55.85 and a 1-year high of $103.11. The business’s 50 day simple moving average is $94.27 and its 200 day simple moving average is $84.59. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $822.98 billion, a PE ratio of 42.04, a PEG ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 earnings per share. As a group, research analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,177 shares of company stock worth $16,403,728. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Morgan Stanley boosted their price objective on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Telsey Advisory Group boosted their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Barclays upped their price objective on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Piper Sandler lifted their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Citigroup upped their price target on Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.08.

Walmart Company 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.