Summit Financial Wealth Advisors LLC Acquires 118 Shares of Walmart Inc. (NYSE:WMT)

Summit Financial Wealth Advisors LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,720 shares of the retailer’s stock after purchasing an additional 118 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Walmart were worth $1,915,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WMT. CAP Partners LLC lifted its position in shares of Walmart by 2.1% during the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after buying an additional 125 shares in the last quarter. Investment Advisory Group LLC raised its stake in Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after acquiring an additional 126 shares during the period. Jag Capital Management LLC lifted its holdings in Walmart by 1.4% during the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock valued at $760,000 after purchasing an additional 132 shares in the last quarter. Professional Financial Advisors LLC boosted its position in shares of Walmart by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after purchasing an additional 137 shares during the period. Finally, Inspire Advisors LLC increased its stake in shares of Walmart by 2.1% in the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after purchasing an additional 137 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of analyst reports. KeyCorp increased their price target on Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Royal Bank of Canada increased their price objective on shares of Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Roth Mkm boosted their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley upped their target price on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.88.

Walmart Stock Performance

Shares of Walmart stock opened at $89.45 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average is $82.29 and its two-hundred day moving average is $74.14. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $90.95. The company has a market capitalization of $719.02 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 4.29 and a beta of 0.51.

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

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.