Drucker Wealth 3.0 LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,059 shares of the retailer’s stock, valued at approximately $275,000.
Several other large investors have also modified their holdings of WMT. EntryPoint Capital LLC bought a new stake in shares of Walmart during the 1st quarter worth $25,000. Northwest Capital Management Inc boosted its holdings in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the period. TruNorth Capital Management LLC boosted 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 buying an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in shares of Walmart during the 2nd quarter worth $29,000. Finally, Able Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter worth $30,000. 26.76% of the stock is owned by institutional investors.
Walmart Price Performance
NYSE:WMT opened at $79.91 on Friday. The firm has a market cap of $642.34 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 4.04 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month 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. The company’s 50-day moving average price is $74.07 and its two-hundred day moving average price is $67.26.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Jefferies Financial Group increased their price target on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Melius Research assumed coverage on shares of Walmart in a report on Monday. They issued a “buy” rating and a $95.00 price target for the company. Evercore ISI increased their price target on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, DA Davidson increased 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 analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Buy” and an average price target of $80.19.
Check Out Our Latest Report on Walmart
Insiders Place Their Bets
In other Walmart news, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Walmart news, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,317,999 shares of company stock valued at $956,341,379. Insiders own 45.58% of the company’s stock.
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.
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