Meadow Creek Wealth Advisors LLC increased its stake in shares of Walmart Inc. (NYSE:WMT – Free Report) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,262 shares of the retailer’s stock after acquiring an additional 1,237 shares during the period. Walmart comprises about 1.7% of Meadow Creek Wealth Advisors LLC’s portfolio, making the stock its 12th largest position. Meadow Creek Wealth Advisors LLC’s holdings in Walmart were worth $2,201,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in shares of Walmart during the 1st quarter worth approximately $25,000. TruNorth Capital Management LLC boosted its holdings in Walmart by 138.3% during 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 position in Walmart in the second quarter valued at $29,000. FSA Wealth Management LLC increased its stake in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after buying an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. lifted its position in Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after buying an additional 344 shares in the last quarter. 26.76% of the stock is owned by institutional investors.
Walmart Stock Performance
NYSE:WMT opened at $83.26 on Thursday. The stock’s 50-day moving average is $78.71 and its 200-day moving average is $70.08. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $83.34. 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 market cap of $669.26 billion, a P/E ratio of 43.29, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51.
Insider Buying and Selling
In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the sale, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. 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 accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,295,088 shares of company stock valued at $955,284,831 in the last three months. Insiders own 45.58% of the company’s stock.
Analyst Ratings Changes
Several analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Stifel Nicolaus upped their price objective on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Jefferies Financial Group raised their target price on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Finally, Roth Mkm increased their price target on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $83.51.
Read Our Latest Research Report on WMT
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.
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