Walmart Inc. (NYSE:WMT) is DORCHESTER WEALTH MANAGEMENT Co’s 10th Largest Position

DORCHESTER WEALTH MANAGEMENT Co reduced its position in Walmart Inc. (NYSE:WMT) by 0.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,588 shares of the retailer’s stock after selling 1,591 shares during the quarter. Walmart makes up about 2.4% of DORCHESTER WEALTH MANAGEMENT Co’s holdings, making the stock its 10th largest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Walmart were worth $13,533,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Commonwealth Financial Services LLC grew its position in shares of Walmart by 6.8% in the third quarter. Commonwealth Financial Services LLC now owns 26,216 shares of the retailer’s stock valued at $2,131,000 after purchasing an additional 1,672 shares in the last quarter. Grimes & Company Inc. grew its position in shares of Walmart by 3.6% in the third quarter. Grimes & Company Inc. now owns 15,055 shares of the retailer’s stock valued at $1,216,000 after purchasing an additional 528 shares in the last quarter. Asset Planning Services Inc. LA ADV grew its position in shares of Walmart by 0.6% in the third quarter. Asset Planning Services Inc. LA ADV now owns 99,550 shares of the retailer’s stock valued at $8,039,000 after purchasing an additional 555 shares in the last quarter. CENTRAL TRUST Co grew its position in shares of Walmart by 7.7% in the third quarter. CENTRAL TRUST Co now owns 572,320 shares of the retailer’s stock valued at $46,215,000 after purchasing an additional 40,849 shares in the last quarter. Finally, Beese Fulmer Investment Management Inc. grew its position in shares of Walmart by 2.2% in the third quarter. Beese Fulmer Investment Management Inc. now owns 22,430 shares of the retailer’s stock valued at $1,811,000 after purchasing an additional 490 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the transaction, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,295,088 shares of company stock worth $955,284,831 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.3 %

NYSE WMT opened at $83.05 on Friday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $83.34. The firm has a market cap of $667.58 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $78.71 and a 200-day moving average of $70.08.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the previous year, the business earned $0.61 EPS. Walmart’s revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Upgrades and Downgrades

WMT has been the subject of several recent research reports. Piper Sandler reiterated an “overweight” rating and issued a $83.00 price target (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Stifel Nicolaus lifted their price objective on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Roth Mkm lifted their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. DA Davidson lifted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Telsey Advisory Group lifted their price objective on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $83.51.

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.