Talbot Financial LLC Invests $222,000 in Walmart Inc. (NYSE:WMT)

Talbot Financial LLC purchased a new stake in Walmart Inc. (NYSE:WMT) in the third quarter, HoldingsChannel reports. The firm purchased 2,745 shares of the retailer’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cape ANN Savings Bank raised its position in shares of Walmart by 147.5% during the third quarter. Cape ANN Savings Bank now owns 9,906 shares of the retailer’s stock worth $800,000 after acquiring an additional 5,904 shares during the last quarter. Trust Co of Kansas acquired a new stake in Walmart in the third quarter worth about $361,000. Reliant Investment Management LLC raised its holdings in Walmart by 41.8% during the 3rd quarter. Reliant Investment Management LLC now owns 5,814 shares of the retailer’s stock worth $469,000 after purchasing an additional 1,713 shares during the last quarter. Atomi Financial Group Inc. lifted its position in Walmart by 4.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 51,388 shares of the retailer’s stock valued at $4,150,000 after purchasing an additional 2,252 shares during the period. Finally, Park Place Capital Corp boosted its stake in shares of Walmart by 4.7% in the 3rd quarter. Park Place Capital Corp now owns 27,592 shares of the retailer’s stock valued at $2,228,000 after purchasing an additional 1,227 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the transaction, the executive vice president now owns 463,871 shares in the company, valued at approximately $32,239,034.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,670 shares of company stock valued at $958,267,937 in the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 0.8 %

Shares of Walmart stock opened at $79.71 on Wednesday. The stock has a market cap of $640.73 billion, a P/E ratio of 34.11, a P/E/G ratio of 4.05 and a beta of 0.51. 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 Inc. has a 12-month low of $49.85 and a 12-month high of $81.60. The business’s 50 day moving average is $75.67 and its 200-day moving average is $68.39.

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. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. Equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WMT has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. TD Cowen lifted their price objective on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. HSBC increased their target price on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Morgan Stanley boosted their target price on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, DA Davidson upped their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $81.96.

About Walmart

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.