Asio Capital LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

Asio Capital LLC acquired a new stake in Walmart Inc. (NYSE:WMT) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,033 shares of the retailer’s stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors have also bought and sold shares of WMT. EntryPoint Capital LLC bought a new position in shares of Walmart during the 1st quarter worth approximately $25,000. Northwest Capital Management Inc grew its holdings in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. TruNorth Capital Management LLC increased its stake 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 purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart during the second quarter valued at about $29,000. Finally, Able Wealth Management LLC bought a new position in shares of Walmart during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. 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 is available through the SEC website. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total transaction of $926,625.00. Following the transaction, the executive vice president now directly owns 632,415 shares in the company, valued at $44,648,499. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,670 shares of company stock valued at $958,267,937. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WMT shares. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. DA Davidson boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Evercore ISI raised their price objective on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Roth Mkm boosted their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada raised their price target on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. 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 MarketBeat, Walmart presently has a consensus rating of “Buy” and an average target price of $82.32.

Walmart Stock Up 0.6 %

WMT opened at $80.09 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a one year low of $49.85 and a one year high of $81.60. The firm has a market capitalization of $643.78 billion, a P/E ratio of 41.64, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. The company has a fifty day moving average price of $76.55 and a 200-day moving average price of $68.82.

Walmart (NYSE:WMT) last posted its 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. The business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.