Weaver Consulting Group Purchases 301 Shares of Walmart Inc. (NYSE:WMT)

Weaver Consulting Group increased its position in Walmart Inc. (NYSE:WMT) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,588 shares of the retailer’s stock after purchasing an additional 301 shares during the quarter. Weaver Consulting Group’s holdings in Walmart were worth $774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the 3rd quarter valued at $26,000. TruNorth Capital Management LLC grew its holdings in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new position in shares of Walmart during the second quarter valued at approximately $29,000. Voisard Asset Management Group Inc. lifted its holdings in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Hoese & Co LLP bought a new stake in shares of Walmart in the 3rd quarter worth approximately $33,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

NYSE WMT opened at $95.32 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85. The business’s fifty day moving average is $84.42 and its 200 day moving average is $75.71. The company has a market capitalization of $766.21 billion, a PE ratio of 39.12, a price-to-earnings-growth ratio of 4.48 and a beta of 0.54. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $95.60.

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

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total transaction of $277,410.00. Following the completion of the sale, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at $34,691,507.55. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a filing with the SEC, 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 on 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 of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,300,460 shares of company stock worth $570,820,065. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WMT shares. Telsey Advisory Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Bank of America upped their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets raised their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. KeyCorp lifted their target price on shares of Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Citigroup raised their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.11.

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.