Iron Horse Wealth Management LLC Purchases 420 Shares of Walmart Inc. (NYSE:WMT)

Iron Horse Wealth Management LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 65.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,062 shares of the retailer’s stock after purchasing an additional 420 shares during the period. Iron Horse Wealth Management LLC’s holdings in Walmart were worth $86,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in WMT. Vanguard Group Inc. lifted its holdings in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Legal & General Group Plc increased its position in Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after acquiring an additional 644,353 shares during the period. Raymond James & Associates boosted its holdings in Walmart by 3.0% in the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock valued at $1,353,881,000 after purchasing an additional 484,196 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Walmart by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after purchasing an additional 834,005 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research analyst reports. Evercore ISI upped their price objective on shares of Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday. The Goldman Sachs Group upped their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Robert W. Baird lifted their price objective on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft raised their target price on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, KeyCorp boosted their price target on shares of Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Monday, October 14th. One research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $83.51.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was 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 owns 459,558 shares in the company, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart 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 directly owns 457,493 shares in the company, valued at $36,915,110.17. The trade was a 0.00 % decrease in their position. 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 over the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT opened at $83.26 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $83.34. The stock has a market capitalization of $669.26 billion, a P/E ratio of 43.29, a P/E/G ratio of 4.11 and a beta of 0.51. The business has a 50-day moving average price of $78.71 and a two-hundred day moving average price of $70.08.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 previous year, the firm posted $0.61 earnings per share. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that Walmart Inc. will post 2.44 earnings per share for the current 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.