4,059 Shares in Walmart Inc. (NYSE:WMT) Bought by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) 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.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping 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 the consensus estimate of $168.56 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.

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.