Wynn Capital LLC Boosts Holdings in Walmart Inc. (NYSE:WMT)

Wynn Capital LLC increased its position in Walmart Inc. (NYSE:WMT) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 27,405 shares of the retailer’s stock after buying an additional 415 shares during the quarter. Walmart comprises 1.5% of Wynn Capital LLC’s holdings, making the stock its 16th largest position. Wynn Capital LLC’s holdings in Walmart were worth $2,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WMT. LongView Wealth Management lifted its holdings in Walmart by 4.8% in the 3rd quarter. LongView Wealth Management now owns 21,341 shares of the retailer’s stock worth $1,723,000 after buying an additional 977 shares in the last quarter. Red Mountain Financial LLC increased its position in shares of Walmart by 29.5% during the third quarter. Red Mountain Financial LLC now owns 12,514 shares of the retailer’s stock worth $1,010,000 after acquiring an additional 2,847 shares during the last quarter. Walker Financial Services Inc. lifted its stake in shares of Walmart by 2.1% in the third quarter. Walker Financial Services Inc. now owns 8,074 shares of the retailer’s stock worth $652,000 after acquiring an additional 166 shares in the last quarter. Fermata Advisors LLC boosted its holdings in Walmart by 12.0% in the third quarter. Fermata Advisors LLC now owns 9,037 shares of the retailer’s stock valued at $730,000 after purchasing an additional 967 shares during the last quarter. Finally, Castle Rock Wealth Management LLC grew its stake in Walmart by 113.3% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 42,726 shares of the retailer’s stock valued at $3,425,000 after purchasing an additional 22,692 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of NYSE WMT opened at $80.09 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.60. 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 fifty day moving average price of $76.55 and a two-hundred day moving average price of $68.82. The firm has a market cap of $643.78 billion, a P/E ratio of 41.64, a PEG ratio of 3.99 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS 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 firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the business earned $0.61 earnings per share. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the sale, the executive vice president now owns 381,165 shares in the company, valued at approximately $30,862,930.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total value of $242,910.00. Following the completion of the transaction, the executive vice president now owns 381,165 shares in the company, valued at $30,862,930.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,670 shares of company stock worth $958,267,937. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays increased their target price on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Robert W. Baird lifted their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Wells Fargo & Company upped their price objective on Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, UBS Group lifted their target price on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday. One investment 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 company’s stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Buy” and an average target price of $82.32.

Walmart Company 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.