Wiser Wealth Management Inc Acquires Shares of 3,061 Walmart Inc. (NYSE:WMT)

Wiser Wealth Management Inc bought a new stake in shares of Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,061 shares of the retailer’s stock, valued at approximately $247,000.

Other institutional investors also recently bought and sold shares of the company. Syverson Strege & Co increased its position in shares of Walmart by 2.6% during the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock valued at $532,000 after purchasing an additional 85 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its stake in Walmart by 1.6% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock valued at $975,000 after acquiring an additional 100 shares in the last quarter. Pinnacle Holdings LLC increased its stake in Walmart by 0.9% in the 4th quarter. Pinnacle Holdings LLC now owns 11,560 shares of the retailer’s stock worth $1,822,000 after acquiring an additional 108 shares during the last quarter. Trust Co of the South increased its position in Walmart by 0.5% in the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after purchasing an additional 138 shares during the last quarter. Finally, Power Corp of Canada lifted its holdings in shares of Walmart by 0.5% in the 4th quarter. Power Corp of Canada now owns 30,005 shares of the retailer’s stock worth $4,730,000 after acquiring an additional 139 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WMT shares. Bank of America upped their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Citigroup upped their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. boosted their price target on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. TD Cowen lifted their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, DA Davidson raised their price target on shares of Walmart from $75.00 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-eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Buy” and a consensus price target of $81.62.

Walmart Stock Performance

Shares of WMT stock opened at $80.43 on Friday. 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 twelve month low of $49.85 and a twelve month high of $81.60. The company’s 50-day moving average price is $75.26 and its 200-day moving average price is $68.03. The stock has a market cap of $646.52 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 4.03 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, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period in the previous year, the firm earned $0.61 EPS. Walmart’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the transaction, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated 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 sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,670 shares of company stock valued at $958,267,937. 45.58% of the stock is currently owned by company insiders.

Walmart Company 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.