Walmart Inc. (NYSE:WMT) Shares Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 17.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,336 shares of the retailer’s stock after purchasing an additional 1,389 shares during the period. Sax Wealth Advisors LLC’s holdings in Walmart were worth $754,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hoese & Co LLP purchased a new position in Walmart during the third quarter worth approximately $33,000. EntryPoint Capital LLC purchased a new position in Walmart during the first quarter worth approximately $25,000. TruNorth Capital Management LLC raised its stake in 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 purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in shares of Walmart in the 2nd quarter valued at $29,000. Finally, Kozak & Associates Inc. raised its stake in shares of Walmart by 216.4% in the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after acquiring an additional 344 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’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 transaction, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at $49,123,611.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’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 sale, the executive vice president now directly owns 606,165 shares in the company, valued at approximately $49,123,611.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares in the company, valued at $36,915,110.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,267,901 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WMT. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. 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. KeyCorp raised their target price on shares of Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday. Evercore ISI raised their target price 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. Finally, DA Davidson raised their target price 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. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Walmart has a consensus rating of “Buy” and an average target price of $82.96.

Walmart Trading Down 0.2 %

Walmart stock opened at $80.72 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $77.63 and a two-hundred day moving average price of $69.39. The firm has a market capitalization of $649.27 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 4.02 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.82.

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

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.