Fiduciary Alliance LLC Increases Stake in Walmart Inc.

Fiduciary Alliance LLC has significantly increased its investment in Walmart Inc. (NYSE:WMT). According to a recent filing with the Securities and Exchange Commission (SEC), the company boosted its holdings by an impressive 217.9% during the fourth quarter. Following this acquisition, Fiduciary Alliance LLC now owns 56,714 shares of Walmart's stock. This represents an additional 38,872 shares obtained throughout this period. As of the end of the recent reporting cycle, the value of Fiduciary Alliance LLC's holdings in Walmart stood at approximately $5,124,000.

Investment Trends Among Hedge Funds

Walmart's popularity among institutional investors is highlighted by the recent activities of several other hedge funds. For instance, Peterson Financial Group Inc. established a new position in Walmart during the third quarter, valued at $26,000. Meanwhile, Voisard Asset Management Group Inc. increased its stake in Walmart by 77.3% during the same period, now holding 399 shares worth $32,000 after purchasing an additional 174 shares. Other notable hedge funds include Hoese & Co LLP, which acquired a stake valued at approximately $33,000, and Livelsberger Financial Advisory, which added a position worth $36,000. Furthermore, Hara Capital LLC invested about $37,000 in Walmart during the third quarter. Overall, hedge funds and other institutional investors collectively own 26.76% of Walmart's stock.

Recent Insider Transactions

In related news, Walmart's Director, Robert Edward Jr. Moritz, purchased 5,446 shares of the company's stock on November 27th, leading to an increase in his position of 230.86%. The shares were bought at an average price of $91.81, totaling around $499,997. Following this purchase, Moritz's total ownership in Walmart increased to 7,805 shares, valued at approximately $716,577.05. Conversely, the Executive Vice President Daniel J. Bartlett sold 2,065 shares on October 15th at an average price of $80.69, resulting in a 0.45% decrease in his ownership, which now stands at 457,493 shares valued at about $36,915,110.17. In total, insiders sold 140,412 shares valued at $12,478,116 in the last 90 days, with company insiders owning 45.58% of Walmart's stock.

Current Stock Performance

Recently, Walmart's stock experienced a slight decline, trading down by $1.05 to $91.95. During this trading session, the company recorded a volume of 2,348,080 shares, falling short of its average volume of 12,079,521 shares. Walmart's shares have fluctuated between a 12-month low of $53.44 and a high of $96.18. The company currently has a market capitalization of $738.67 billion, with a price-to-earnings ratio of 37.74 and a price-to-earnings-growth ratio of 4.47. Additionally, Walmart's recent quarterly earnings report revealed an earnings per share (EPS) of $0.58, surpassing the consensus estimate of $0.53. The company's revenue for this period reached $169.59 billion, exceeding analyst expectations of $167.69 billion, marking a year-over-year revenue increase of 5.5%.

Analyst Opinions and Price Targets

Financial analysts have recently updated their price targets for Walmart stock. Truist Financial raised its price target from $89.00 to $98.00 and reiterated a "buy" recommendation. Jefferies Financial Group also elevated their price target from $105.00 to $111.00, while Barclays increased its target from $90.00 to $98.00. Evercore ISI raised its target from $94.00 to $96.00, and Stifel Nicolaus raised its price target from $89.00 to $94.00. According to analyst consensus, Walmart currently enjoys a "Moderate Buy" rating, with an average price target of $94.08, reflecting a strong interest among financial analysts.

About Walmart Inc.

Walmart Inc. engages in a wide array of retail operations, which encompass retail stores, wholesale, eCommerce, and various related services. The company operates through three primary segments: Walmart U.S., Walmart International, and Sam's Club. Walmart’s diverse outlets include supercenters, supermarkets, hypermarkets, membership-based warehouse clubs, and discount stores, as well as eCommerce platforms under the Walmart brand. This extensive range allows Walmart to serve a global customer base effectively.

Walmart, Investment, HedgeFunds