Commonwealth Financial Services LLC grew its position in shares of Walmart Inc. (NYSE:WMT – Free Report) 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.
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.
View Our Latest Stock Analysis on WMT
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.
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