FOCUS Wealth Advisors LLC Makes New $213,000 Investment in Walmart Inc. (NYSE:WMT)

FOCUS Wealth Advisors LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,636 shares of the retailer’s stock, valued at approximately $213,000.

A number of other large investors also recently bought and sold shares of the stock. Compton Wealth Advisory Group LLC raised its stake in Walmart by 3.5% during the third quarter. Compton Wealth Advisory Group LLC now owns 31,779 shares of the retailer’s stock worth $2,566,000 after purchasing an additional 1,081 shares during the period. Carnegie Investment Counsel raised its stake in shares of Walmart by 0.5% in the 3rd quarter. Carnegie Investment Counsel now owns 214,159 shares of the retailer’s stock valued at $17,293,000 after acquiring an additional 1,137 shares during the period. Retirement Planning Group LLC raised its stake in shares of Walmart by 86.4% in the 3rd quarter. Retirement Planning Group LLC now owns 35,697 shares of the retailer’s stock valued at $2,883,000 after acquiring an additional 16,549 shares during the period. Montis Financial LLC raised its stake in shares of Walmart by 24.8% in the 3rd quarter. Montis Financial LLC now owns 6,036 shares of the retailer’s stock valued at $487,000 after acquiring an additional 1,200 shares during the period. Finally, HCR Wealth Advisors raised its stake in shares of Walmart by 1.1% in the 3rd quarter. HCR Wealth Advisors now owns 34,957 shares of the retailer’s stock valued at $2,823,000 after acquiring an additional 397 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $80.10 on Friday. The firm’s 50 day simple moving average is $76.55 and its 200-day simple moving average is $68.88. The company has a market cap of $643.86 billion, a P/E ratio of 41.65, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. 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 fifty-two week low of $49.85 and a fifty-two week high of $81.60.

Walmart (NYSE:WMT) last released 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. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. As a group, equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the sale, the executive vice president now directly owns 606,165 shares in the company, valued at $49,123,611.60. The trade was 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. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. 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 three months, insiders have sold 12,337,670 shares of company stock valued at $958,267,937. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WMT shares. Telsey Advisory Group raised their target price on shares of Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Evercore ISI raised their price target on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Morgan Stanley raised their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. JPMorgan Chase & Co. raised their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, DA Davidson raised their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $82.32.

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.