Walmart Inc. (NYSE:WMT) Shares Bought by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 6.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,216 shares of the retailer’s stock after purchasing an additional 1,672 shares during the period. Commonwealth Financial Services LLC’s holdings in Walmart were worth $2,131,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the first quarter worth $25,000. TruNorth Capital Management LLC increased its position in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the second quarter worth $29,000. FSA Wealth Management LLC increased its position in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares during the period. Finally, Kozak & Associates Inc. increased its position in shares of Walmart by 216.4% during the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after acquiring an additional 344 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Price Performance

Shares of WMT opened at $83.05 on Friday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The company has a market capitalization of $667.58 billion, a price-to-earnings ratio of 43.18, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51. The firm has a 50-day simple moving average of $78.71 and a 200-day simple moving average of $70.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group increased their target price on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 11th. Evercore ISI increased their target price on Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday. Oppenheimer increased their target price on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Tigress Financial increased their target price on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $83.51.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. 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 available at this link. In related news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. 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 available at this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the completion of the sale, the executive vice president now owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,295,088 shares of company stock worth $955,284,831 over the last 90 days. Company 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.