Optivise Advisory Services LLC Takes $467,000 Position in Walmart Inc. (NYSE:WMT)

Optivise Advisory Services LLC bought a new position in Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,780 shares of the retailer’s stock, valued at approximately $467,000.

A number of other large investors have also added to or reduced their stakes in WMT. EntryPoint Capital LLC bought a new stake in Walmart in the 1st quarter worth approximately $25,000. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the third quarter worth approximately $26,000. TruNorth Capital Management LLC raised its stake in shares of 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 acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new stake in shares of Walmart in the 2nd quarter worth approximately $29,000. Finally, FSA Wealth Management LLC boosted its stake in shares of Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the sale, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

Shares of WMT stock opened at $90.44 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.22 and a current ratio of 0.85. The company has a market capitalization of $726.94 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $90.91. The company’s 50-day moving average is $82.12 and its 200 day moving average is $73.75.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on WMT shares. Guggenheim lifted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen lifted their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday. Piper Sandler boosted their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Robert W. Baird raised their price target on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, The Goldman Sachs Group lifted their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $91.88.

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.