Cyndeo Wealth Partners LLC Buys 4,455 Shares of Walmart Inc. (NYSE:WMT)

Cyndeo Wealth Partners LLC increased its stake in Walmart Inc. (NYSE:WMT) by 21.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,623 shares of the retailer’s stock after buying an additional 4,455 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Walmart were worth $2,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in Walmart during the 1st quarter valued at $25,000. TruNorth Capital Management LLC boosted its position in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new position in Walmart in the 2nd quarter worth approximately $29,000. FSA Wealth Management LLC raised its position in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. lifted its stake in Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after acquiring an additional 344 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock worth $958,267,901. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

NYSE:WMT opened at $81.31 on Monday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.82. 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 firm has a market capitalization of $653.59 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. The business’s fifty day moving average price is $77.90 and its 200 day moving average price is $69.68.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. On average, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Roth Mkm raised their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Telsey Advisory Group upped their price target on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Royal Bank of Canada increased their price objective on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Wells Fargo & Company raised their price target on shares of Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, Jefferies Financial Group raised their target price on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $82.96.

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.