Maxwell Wealth Strategies Inc. Raises Stock Position in Walmart Inc. (NYSE:WMT)

Maxwell Wealth Strategies Inc. grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 14.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,849 shares of the retailer’s stock after buying an additional 5,442 shares during the quarter. Walmart accounts for approximately 1.6% of Maxwell Wealth Strategies Inc.’s holdings, making the stock its 17th biggest holding. Maxwell Wealth Strategies Inc.’s holdings in Walmart were worth $3,669,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WMT. WFA Asset Management Corp lifted its stake in shares of Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after acquiring an additional 1,397 shares during the last quarter. Dupont Capital Management Corp grew its holdings in shares of Walmart by 165.4% in the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after purchasing an additional 168,346 shares during the last quarter. Empowered Funds LLC increased its stake in Walmart by 307.1% in the 1st quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock worth $9,645,000 after buying an additional 120,919 shares during the period. Hudson Value Partners LLC lifted its holdings in Walmart by 183.6% during the 1st quarter. Hudson Value Partners LLC now owns 43,365 shares of the retailer’s stock valued at $2,609,000 after buying an additional 28,073 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in Walmart by 215.7% in the 1st quarter. TD Asset Management Inc now owns 3,113,565 shares of the retailer’s stock valued at $187,343,000 after buying an additional 2,127,332 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at $29,765,104.20. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $84.25 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm’s 50 day simple moving average is $81.29 and its 200-day simple moving average is $72.78. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.79. The stock has a market capitalization of $677.22 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 4.22 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. Stifel Nicolaus lifted their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and lifted their target price for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Oppenheimer increased their price target on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada lifted their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, UBS Group raised their target price on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, October 11th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $85.18.

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.