Centennial Wealth Advisory LLC Takes Position in Walmart Inc. (NYSE:WMT)

Centennial Wealth Advisory LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,943 shares of the retailer’s stock, valued at approximately $238,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Umpqua Bank increased its position in Walmart by 17.5% in the 3rd quarter. Umpqua Bank now owns 7,981 shares of the retailer’s stock valued at $644,000 after acquiring an additional 1,189 shares during the period. Radnor Capital Management LLC acquired a new stake in shares of Walmart during the 3rd quarter worth $6,005,000. Callahan Advisors LLC increased its holdings in Walmart by 1.0% in the 3rd quarter. Callahan Advisors LLC now owns 207,234 shares of the retailer’s stock valued at $16,734,000 after purchasing an additional 2,100 shares in the last quarter. Leslie Global Wealth LLC acquired a new stake in shares of Walmart during the third quarter valued at about $209,000. Finally, One Plus One Wealth Management LLC bought a new position in shares of Walmart during the third quarter worth about $328,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on WMT shares. KeyCorp raised their price target on shares of Walmart from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. The Goldman Sachs Group lifted their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. UBS Group boosted their target price on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Robert W. Baird increased their price target on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $83.89.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents 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 $958,823,647 in the last quarter. 45.58% of the stock is owned by insiders.

Walmart Trading Up 0.8 %

NYSE:WMT traded up $0.68 during trading hours on Wednesday, hitting $84.36. The company had a trading volume of 1,268,883 shares, compared to its average volume of 16,721,018. The company has a market capitalization of $678.11 billion, a PE ratio of 43.51, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. The stock has a 50-day moving average price of $80.08 and a 200 day moving average price of $71.58. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.54. 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 (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.