Walmart Inc. (NYSE:WMT) Shares Acquired by Courier Capital LLC

Courier Capital LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 358.1% during the third quarter, Holdings Channel reports. The fund owned 90,403 shares of the retailer’s stock after purchasing an additional 70,668 shares during the quarter. Courier Capital LLC’s holdings in Walmart were worth $7,300,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Exchange Bank boosted its stake in Walmart by 200.0% in the 1st quarter. Exchange Bank now owns 36,864 shares of the retailer’s stock worth $2,218,000 after buying an additional 24,576 shares during the last quarter. Parkside Investments LLC boosted its stake in Walmart by 188.3% in the 1st quarter. Parkside Investments LLC now owns 150,806 shares of the retailer’s stock worth $9,074,000 after buying an additional 98,489 shares during the last quarter. Gleason Group Inc. boosted its stake in Walmart by 190.2% in the 1st quarter. Gleason Group Inc. now owns 13,767 shares of the retailer’s stock worth $828,000 after buying an additional 9,023 shares during the last quarter. First Financial Corp IN boosted its stake in Walmart by 187.9% in the 1st quarter. First Financial Corp IN now owns 15,765 shares of the retailer’s stock worth $949,000 after buying an additional 10,289 shares during the last quarter. Finally, Etesian Wealth Advisors Inc. boosted its stake in Walmart by 189.6% in the 1st quarter. Etesian Wealth Advisors Inc. now owns 34,525 shares of the retailer’s stock worth $2,077,000 after buying an additional 22,605 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart 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 completion of the transaction, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of Walmart 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 completion of the transaction, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,295,088 shares of company stock worth $955,284,831. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WMT. Robert W. Baird raised their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Guggenheim raised their price objective on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. The Goldman Sachs Group raised their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, DA Davidson raised their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $83.51.

Walmart Price Performance

Shares of NYSE WMT opened at $83.26 on Thursday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The business has a 50 day moving average price of $78.71 and a two-hundred day moving average price of $70.08. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a market cap of $669.26 billion, a PE ratio of 43.29, a price-to-earnings-growth 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 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 firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the firm earned $0.61 EPS. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.