Grimes & Company Inc. Buys 528 Shares of Walmart Inc. (NYSE:WMT)

Grimes & Company Inc. grew its stake in shares of Walmart Inc. (NYSE:WMT) by 3.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,055 shares of the retailer’s stock after acquiring an additional 528 shares during the period. Grimes & Company Inc.’s holdings in Walmart were worth $1,216,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. EntryPoint Capital LLC bought a new stake in shares of Walmart in the first quarter worth $25,000. TruNorth Capital Management LLC grew its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new stake in shares of Walmart in the second quarter worth $29,000. FSA Wealth Management LLC grew its stake in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. grew its stake in shares of Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after purchasing an additional 344 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now owns 457,493 shares in the company, valued at $36,915,110.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,295,088 shares of company stock valued at $955,284,831. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several analyst reports. Citigroup boosted their price objective on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Sanford C. Bernstein started coverage on shares of Walmart in a report on Tuesday. They issued an “outperform” rating and a $95.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. KeyCorp boosted their target price on shares of Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, TD Cowen boosted their target price on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has an average rating of “Buy” and a consensus price target of $83.51.

Walmart Trading Down 0.3 %

WMT opened at $83.05 on Friday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company’s 50-day moving average is $78.71 and its 200 day moving average is $70.08. The firm has a market capitalization of $667.58 billion, a PE ratio of 43.18, a P/E/G ratio of 4.11 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the firm posted $0.61 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.