Professional Financial Advisors LLC Purchases 137 Shares of Walmart Inc. (NYSE:WMT)

Professional Financial Advisors LLC grew its position in Walmart Inc. (NYSE:WMT) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,839 shares of the retailer’s stock after acquiring an additional 137 shares during the quarter. Professional Financial Advisors LLC’s holdings in Walmart were worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Trust Co of the South increased its stake in Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after acquiring an additional 138 shares during the last quarter. LVZ Inc. boosted its holdings in shares of Walmart by 1.9% in the 2nd quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock worth $530,000 after purchasing an additional 143 shares during the period. Delta Investment Management LLC increased its position in shares of Walmart by 0.4% during the 2nd quarter. Delta Investment Management LLC now owns 41,813 shares of the retailer’s stock valued at $2,831,000 after purchasing an additional 148 shares during the last quarter. Sage Rhino Capital LLC raised its holdings in Walmart by 2.6% during the 2nd quarter. Sage Rhino Capital LLC now owns 5,893 shares of the retailer’s stock valued at $399,000 after buying an additional 149 shares during the period. Finally, M. Kraus & Co lifted its position in Walmart by 2.5% in the second quarter. M. Kraus & Co now owns 6,168 shares of the retailer’s stock worth $418,000 after buying an additional 150 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WMT. Telsey Advisory Group boosted their price objective on shares of Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a report on Friday, August 16th. Stifel Nicolaus boosted their target price on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Wells Fargo & Company upped their target price on Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, UBS Group raised their price target on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Walmart has an average rating of “Buy” and an average price target of $82.32.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,670 shares of company stock worth $958,267,937. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.6 %

Shares of NYSE:WMT opened at $80.10 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.60. The stock has a market cap of $643.86 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 3.99 and a beta of 0.51. The business has a 50-day moving average price of $76.55 and a 200-day moving average price of $68.88.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the business posted $0.61 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts predict that Walmart Inc. will post 2.44 EPS 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.