Good Life Advisors LLC Has $4.94 Million Holdings in Walmart Inc. (NYSE:WMT)

Good Life Advisors LLC grew its position in Walmart Inc. (NYSE:WMT) by 8.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 61,158 shares of the retailer’s stock after buying an additional 4,633 shares during the period. Good Life Advisors LLC’s holdings in Walmart were worth $4,938,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Hoese & Co LLP bought a new stake in Walmart in the 3rd quarter valued at $33,000. EntryPoint Capital LLC acquired a new stake in Walmart during the 1st quarter worth approximately $25,000. TruNorth Capital Management LLC grew its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new position in Walmart during the 2nd quarter worth $29,000. Finally, Northwest Capital Management Inc lifted its holdings in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying 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

A number of research analysts recently commented on WMT shares. The Goldman Sachs Group boosted their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Jefferies Financial Group lifted their price objective on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Robert W. Baird upped their price objective on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Melius Research initiated coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. Finally, Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $89.00 in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart has a consensus rating of “Buy” and an average target price of $82.96.

Walmart Stock Performance

Shares of NYSE WMT traded down $0.11 during mid-day trading on Thursday, hitting $81.11. The company had a trading volume of 2,569,808 shares, compared to its average volume of 17,123,277. The stock’s 50-day moving average price is $77.37 and its 200-day moving average price is $69.31. The company has a market capitalization of $651.98 billion, a price-to-earnings ratio of 42.08, a P/E/G ratio of 4.02 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.82.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. On average, sell-side analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,267,901. Corporate insiders own 45.58% of the company’s stock.

About Walmart

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.