X Square Capital LLC Buys 1,032 Shares of Walmart Inc. (NYSE:WMT)

X Square Capital LLC raised its stake in Walmart Inc. (NYSE:WMT) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,460 shares of the retailer’s stock after buying an additional 1,032 shares during the period. Walmart accounts for 1.2% of X Square Capital LLC’s holdings, making the stock its 29th largest holding. X Square Capital LLC’s holdings in Walmart were worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AHL Investment Management Inc. boosted its position in Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after buying an additional 15,785 shares during the period. Liberty Wealth Management LLC acquired a new position in shares of Walmart during the first quarter worth $270,000. Commerce Bank grew its stake in shares of Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after purchasing an additional 200,947 shares during the period. Finally, Private Advisor Group LLC raised its position in Walmart by 189.4% during the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after purchasing an additional 421,366 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.3 %

Shares of NYSE:WMT opened at $83.05 on Friday. The stock has a market cap of $667.58 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 4.11 and a beta of 0.51. The business’s 50 day moving average is $78.71 and its 200 day moving average is $70.08. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $83.34. 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 posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’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 value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on 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 directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,295,088 shares of company stock worth $955,284,831. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WMT. 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 research report on Friday, August 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Guggenheim upped their price objective on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Piper Sandler reissued an “overweight” rating and set a $83.00 target price (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $83.51.

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.