Horizon Wealth Management LLC Takes $260,000 Position in Walmart Inc. (NYSE:WMT)

Horizon Wealth Management LLC purchased a new position in Walmart Inc. (NYSE:WMT) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,314 shares of the retailer’s stock, valued at approximately $260,000.

Other large investors have also added to or reduced their stakes in the company. Flynn Zito Capital Management LLC boosted its position in shares of Walmart by 3.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after purchasing an additional 61 shares in the last quarter. ICW Investment Advisors LLC boosted its holdings in shares of Walmart by 0.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after buying an additional 62 shares in the last quarter. Bill Few Associates Inc. grew its position in shares of Walmart by 1.1% in the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after buying an additional 64 shares during the period. Rossmore Private Capital increased its stake in shares of Walmart by 0.3% in the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after acquiring an additional 65 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its position in Walmart by 0.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after acquiring an additional 65 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares in the company, valued at $30,816,896.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,525,340 shares of company stock valued at $953,023,399. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of Walmart stock opened at $68.07 on Wednesday. The stock’s fifty day moving average is $64.22 and its 200 day moving average is $59.53. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The stock has a market cap of $547.52 billion, a P/E ratio of 29.13, a P/E/G ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the previous year, the company posted $0.49 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Truist Financial raised their target price on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. Citigroup raised their price target on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Barclays upped their price target on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Finally, JPMorgan Chase & Co. upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $66.00 to $81.00 in a research note on Monday, June 10th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.47.

About Walmart

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.