Waldron Private Wealth LLC Increases Stake in Walmart Inc. (NYSE:WMT)

Waldron Private Wealth LLC raised its position in Walmart Inc. (NYSE:WMT) by 1.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 79,837 shares of the retailer’s stock after purchasing an additional 1,028 shares during the period. Waldron Private Wealth LLC’s holdings in Walmart were worth $6,447,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. EntryPoint Capital LLC purchased a new position in shares of Walmart during the 1st quarter worth $25,000. TruNorth Capital Management LLC raised its holdings in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in shares of Walmart during the 2nd quarter worth $29,000. FSA Wealth Management LLC raised its holdings in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares during the period. Finally, Kozak & Associates Inc. raised its holdings in shares of Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after acquiring an additional 344 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several analyst reports. The Goldman Sachs Group lifted their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Stifel Nicolaus lifted their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Jefferies Financial Group upped their price objective on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Melius Research started coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price for the company. Finally, Bank of America upped their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $83.51.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.60, for a total transaction of $926,625.00. Following the sale, the executive vice president now owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total value of $926,625.00. Following the transaction, the executive vice president now directly owns 632,415 shares in the company, valued at approximately $44,648,499. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,267,901. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $82.02 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $82.22. The firm has a market capitalization of $659.73 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. The stock’s 50-day simple moving average is $78.42 and its 200-day simple moving average is $69.99.

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