Walmart Inc. (NYSE:WMT) is Edge Wealth Management LLC’s 9th Largest Position

Edge Wealth Management LLC reduced its position in Walmart Inc. (NYSE:WMT) by 0.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 220,615 shares of the retailer’s stock after selling 125 shares during the quarter. Walmart comprises approximately 3.6% of Edge Wealth Management LLC’s holdings, making the stock its 9th largest position. Edge Wealth Management LLC’s holdings in Walmart were worth $17,815,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Hoese & Co LLP purchased a new stake in shares of Walmart during the third quarter worth approximately $33,000. EntryPoint Capital LLC acquired a new stake in Walmart in the first quarter valued at $25,000. TruNorth Capital Management LLC boosted its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart during the 2nd quarter worth $29,000. Finally, Northwest Capital Management Inc increased its holdings in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research analyst reports. Guggenheim increased their target price on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Melius Research began coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, Piper Sandler restated an “overweight” rating and set a $83.00 target price (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $82.96.

Walmart Stock Performance

Shares of NYSE WMT traded up $1.36 during midday trading on Tuesday, hitting $81.65. 13,272,267 shares of the company’s stock were exchanged, compared to its average volume of 17,227,215. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.82. The firm has a market cap of $656.76 billion, a P/E ratio of 34.78, a PEG ratio of 3.99 and a beta of 0.51. The stock’s 50 day moving average price is $76.80 and its 200-day moving average price is $69.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

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

Insider Buying and Selling

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Walmart 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 transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the sale, the executive vice president now directly owns 606,165 shares in the company, valued at approximately $49,123,611.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,335,272 shares of company stock worth $958,101,276. Insiders own 45.58% of the company’s stock.

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.