Walmart Inc. (NYSE:WMT) Holdings Boosted by Strategic Advisors LLC

Strategic Advisors LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 6.3% during the third quarter, HoldingsChannel.com reports. The fund owned 11,586 shares of the retailer’s stock after acquiring an additional 691 shares during the period. Strategic Advisors LLC’s holdings in Walmart were worth $936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Able Wealth Management LLC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $30,000. EntryPoint Capital LLC bought a new stake in shares of Walmart during the first quarter valued at approximately $25,000. TruNorth Capital Management LLC raised its holdings in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new stake in shares of Walmart during the second quarter valued at approximately $29,000. Finally, Northwest Capital Management Inc increased its stake in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of a number of research analyst reports. Tigress Financial raised their price objective on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company raised their price objective on shares of Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Roth Mkm raised their price objective 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. Melius Research initiated coverage on shares of Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective on the stock. Finally, Barclays raised their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Buy” and an average target price of $81.96.

Insider Activity at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 12,337,670 shares of company stock valued at $958,267,937. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.8 %

Shares of NYSE:WMT traded down $0.66 during trading on Thursday, reaching $79.74. 3,993,922 shares of the company traded hands, compared to its average volume of 17,288,078. The firm has a fifty day simple moving average of $76.12 and a 200 day simple moving average of $68.61. The firm has a market cap of $641.39 billion, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 4.05 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.60. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating 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 company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts anticipate 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.