Sterling Manor Financial LLC Invests $219,000 in Walmart Inc. (NYSE:WMT)

Sterling Manor Financial LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,714 shares of the retailer’s stock, valued at approximately $219,000. Walmart accounts for approximately 0.1% of Sterling Manor Financial LLC’s investment portfolio, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the first quarter worth $25,000. TruNorth Capital Management LLC grew its position in Walmart by 138.3% in 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 during the last quarter. Cultivar Capital Inc. bought a new position in shares of Walmart during the 2nd quarter worth about $29,000. FSA Wealth Management LLC increased its holdings in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the period. Finally, Kozak & Associates Inc. raised its position in shares of Walmart by 216.4% during the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Up 0.3 %

WMT opened at $82.75 on Tuesday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The company has a market cap of $665.17 billion, a price-to-earnings ratio of 43.02, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a 50 day simple moving average of $79.27 and a 200 day simple moving average of $70.63.

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

Analyst Ratings Changes

WMT has been the topic of a number of recent research reports. Tigress Financial lifted their target price on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Morgan Stanley lifted their price objective on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. raised their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Robert W. Baird boosted their price target on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $83.83.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s 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 directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,784,857. 45.58% of the stock is currently owned by company insiders.

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.