Walmart Inc. (NYSE:WMT) Stake Lifted by Adamsbrown Wealth Consultants LLC

Adamsbrown Wealth Consultants LLC increased its stake in Walmart Inc. (NYSE:WMT) by 2.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 20,121 shares of the retailer’s stock after acquiring an additional 525 shares during the period. Walmart accounts for approximately 0.6% of Adamsbrown Wealth Consultants LLC’s holdings, making the stock its 22nd largest holding. Adamsbrown Wealth Consultants LLC’s holdings in Walmart were worth $1,625,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cherrydale Wealth Management LLC acquired a new position in Walmart in the third quarter worth approximately $232,000. Sapient Capital LLC lifted its stake in shares of Walmart by 0.5% in the 3rd quarter. Sapient Capital LLC now owns 401,394 shares of the retailer’s stock valued at $32,413,000 after purchasing an additional 1,903 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Walmart in the 3rd quarter valued at $1,153,000. Paladin Wealth LLC acquired a new stake in shares of Walmart in the 3rd quarter valued at $1,053,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Walmart by 3.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 33,943 shares of the retailer’s stock valued at $2,741,000 after purchasing an additional 988 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WMT shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Roth Mkm boosted their price target on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. TD Cowen boosted their price target on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $82.96.

Walmart Stock Down 0.1 %

WMT traded down $0.07 during trading hours on Monday, hitting $80.03. 837,353 shares of the company’s stock were exchanged, compared to its average volume of 17,201,346. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.60. The stock’s 50-day moving average is $76.55 and its two-hundred day moving average is $68.93. The stock has a market cap of $643.72 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 3.99 and a beta of 0.51. 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 (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 earnings per share. Sell-side analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total value of $242,910.00. Following the transaction, the executive vice president now directly owns 381,165 shares of the company’s stock, valued at $30,862,930.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart 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 owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the transaction, the executive vice president now owns 381,165 shares in the company, valued at $30,862,930.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,335,272 shares of company stock worth $958,101,276. 45.58% of the stock is owned by insiders.

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.