2,527 Shares in Walmart Inc. (NYSE:WMT) Purchased by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC purchased a new position in Walmart Inc. (NYSE:WMT) during the 3rd quarter, HoldingsChannel reports. The firm purchased 2,527 shares of the retailer’s stock, valued at approximately $204,000.

A number of other large investors also recently modified their holdings of WMT. Hoese & Co LLP acquired a new stake in Walmart during the third quarter worth about $33,000. EntryPoint Capital LLC bought a new stake in shares of Walmart in the 1st quarter worth approximately $25,000. TruNorth Capital Management LLC grew 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 purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new stake in shares of Walmart during the second quarter valued at approximately $29,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walmart in the third quarter valued at $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Piper Sandler reissued an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. The Goldman Sachs Group increased their price target on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, KeyCorp increased their target price on Walmart from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Walmart has a consensus rating of “Buy” and an average target price of $83.51.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the sale, the executive vice president now directly owns 387,165 shares in the company, valued at $26,787,946.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,295,088 shares of company stock valued at $955,284,831. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.5 %

NYSE:WMT opened at $83.26 on Thursday. The business’s 50-day simple moving average is $78.71 and its 200-day simple moving average is $70.08. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a market capitalization 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 released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.