Global Retirement Partners LLC Increases Stake in Walmart Inc. (NYSE:WMT)

Global Retirement Partners LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,628 shares of the retailer’s stock after buying an additional 2,652 shares during the period. Global Retirement Partners LLC’s holdings in Walmart were worth $7,964,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WMT. AHL Investment Management Inc. grew its holdings in Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after acquiring an additional 15,785 shares in the last quarter. Liberty Wealth Management LLC acquired a new position in Walmart during the 1st quarter worth approximately $270,000. Commerce Bank grew its holdings in Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after acquiring an additional 600,521 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after acquiring an additional 200,947 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in Walmart by 189.4% during the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after acquiring an additional 421,366 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on WMT shares. Telsey Advisory Group boosted their price target on shares of Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Barclays upped their target price on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. TD Cowen upped their target price on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, UBS Group upped their target price on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 11th. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $82.96.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the transaction, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the transaction, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. 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 quarter, insiders sold 12,337,337 shares of company stock worth $958,267,901. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT traded down $0.41 during trading hours on Thursday, reaching $80.81. The company had a trading volume of 3,073,639 shares, compared to its average volume of 17,125,223. The firm has a 50 day simple moving average of $77.37 and a 200-day simple moving average of $69.31. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $649.57 billion, a price-to-earnings ratio of 42.08, a PEG ratio of 4.02 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.82.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion during 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 business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 EPS. Research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current 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.