WJ Interests LLC Invests $388,000 in Walmart Inc. (NYSE:WMT)

WJ Interests LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,800 shares of the retailer’s stock, valued at approximately $388,000. Walmart comprises approximately 0.2% of WJ Interests LLC’s investment portfolio, making the stock its 17th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investment Advisory Group LLC lifted its stake in shares of Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after buying an additional 126 shares in the last quarter. Professional Financial Advisors LLC lifted its stake in Walmart by 0.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after purchasing an additional 137 shares in the last quarter. Inspire Advisors LLC lifted its stake in Walmart by 2.1% in the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after purchasing an additional 137 shares in the last quarter. Trust Co of the South grew its position in shares of Walmart by 0.5% in the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock valued at $2,071,000 after purchasing an additional 138 shares in the last quarter. Finally, LVZ Inc. increased its holdings in shares of Walmart by 1.9% in the second quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock valued at $530,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction 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 directly owns 387,165 shares of the company’s stock, valued at approximately $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. Over the last quarter, insiders sold 12,337,337 shares of company stock worth $958,267,901. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $80.81 on Tuesday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.82. The stock has a market capitalization of $650.00 billion, a PE ratio of 34.53, a PEG ratio of 4.07 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a 50-day simple moving average of $78.14 and a 200-day simple moving average of $69.83.

Walmart (NYSE:WMT) last issued its 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 firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the company earned $0.61 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Guggenheim raised their target price on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. The Goldman Sachs Group raised their price objective 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. Evercore ISI boosted their target price on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. UBS Group raised their price target on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target 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.