MBE Wealth Management LLC Acquires New Shares in Walmart Inc. (NYSE:WMT)

MBE Wealth Management LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,024 shares of the retailer’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMT. Unique Wealth LLC increased its holdings in Walmart by 189.6% in the first quarter. Unique Wealth LLC now owns 4,996 shares of the retailer’s stock valued at $301,000 after purchasing an additional 3,271 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in Walmart by 195.3% in the first quarter. Salem Investment Counselors Inc. now owns 332,907 shares of the retailer’s stock valued at $20,089,000 after acquiring an additional 220,168 shares during the period. Contravisory Investment Management Inc. grew its stake in Walmart by 195.4% in the first quarter. Contravisory Investment Management Inc. now owns 7,303 shares of the retailer’s stock valued at $439,000 after acquiring an additional 4,831 shares during the period. Bright Rock Capital Management LLC grew its stake in Walmart by 200.0% in the first quarter. Bright Rock Capital Management LLC now owns 159,000 shares of the retailer’s stock valued at $9,567,000 after acquiring an additional 106,000 shares during the period. Finally, Forbes J M & Co. LLP grew its stake in Walmart by 194.5% in the first quarter. Forbes J M & Co. LLP now owns 227,912 shares of the retailer’s stock valued at $13,713,000 after acquiring an additional 150,513 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on WMT. Roth Mkm boosted their target price on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Barclays boosted 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. Jefferies Financial Group boosted their target price on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. DA Davidson boosted their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Bank of America upped their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $82.96.

Walmart Stock Performance

Shares of WMT traded down $0.40 during mid-day trading on Monday, reaching $80.91. The company’s stock had a trading volume of 1,971,121 shares, compared to its average volume of 17,059,422. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.82. The stock has a market cap of $650.37 billion, a P/E ratio of 42.14, a PEG ratio of 4.07 and a beta of 0.51. The business has a 50-day simple moving average of $77.90 and a two-hundred day simple moving average of $69.68. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

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

Insider Activity

In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, 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 completion of the sale, the executive vice president now directly owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred 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 sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,267,901 over the last three months. Insiders own 45.58% of the company’s stock.

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.