Darwin Wealth Management LLC Purchases New Shares in Walmart Inc. (NYSE:WMT)

Darwin Wealth Management LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,933 shares of the retailer’s stock, valued at approximately $2,740,000.

A number of other hedge funds also recently modified their holdings of WMT. WFA Asset Management Corp raised its stake in Walmart by 201.0% during the first 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 in the last quarter. Dupont Capital Management Corp raised its holdings in shares of Walmart by 165.4% during the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after purchasing an additional 168,346 shares during the period. Empowered Funds LLC boosted its holdings in Walmart by 307.1% in the first quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock worth $9,645,000 after acquiring an additional 120,919 shares in the last quarter. Rockport Wealth LLC bought a new position in shares of Walmart in the 1st quarter worth $226,000. Finally, Alerus Financial NA grew its holdings in shares of Walmart by 203.4% during the first quarter. Alerus Financial NA now owns 82,062 shares of the retailer’s stock valued at $4,938,000 after buying an additional 55,012 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s 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 completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research reports. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and increased their target price for the stock from $76.00 to $89.00 in a research report on Tuesday, September 24th. Robert W. Baird increased their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday. Citigroup upped their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. BMO Capital Markets increased their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. One equities research 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 company. According to data from MarketBeat, Walmart currently has an average rating of “Buy” and a consensus target price of $87.31.

Walmart Price Performance

NYSE WMT opened at $86.30 on Wednesday. The company has a market capitalization of $693.70 billion, a price-to-earnings ratio of 45.03, a PEG ratio of 4.19 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a 50-day moving average of $81.58 and a 200 day moving average of $73.34. Walmart Inc. has a one year low of $49.85 and a one year high of $88.29.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that Walmart Inc. will post 2.44 EPS 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.