Avitas Wealth Management LLC Has $13.25 Million Stock Position in Walmart Inc. (NYSE:WMT)

Avitas Wealth Management LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,022 shares of the retailer’s stock after buying an additional 2,131 shares during the quarter. Walmart makes up approximately 1.9% of Avitas Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Avitas Wealth Management LLC’s holdings in Walmart were worth $13,245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Childress Capital Advisors LLC increased its holdings in shares of Walmart by 4.1% in the third quarter. Childress Capital Advisors LLC now owns 9,553 shares of the retailer’s stock valued at $771,000 after purchasing an additional 373 shares during the last quarter. Highview Capital Management LLC DE grew its stake in Walmart by 4.7% in the 3rd quarter. Highview Capital Management LLC DE now owns 35,225 shares of the retailer’s stock valued at $2,844,000 after buying an additional 1,573 shares during the last quarter. Deltec Asset Management LLC raised its holdings in Walmart by 2.1% in the 3rd quarter. Deltec Asset Management LLC now owns 95,853 shares of the retailer’s stock valued at $7,740,000 after acquiring an additional 2,000 shares during the period. Eagle Strategies LLC lifted its position in Walmart by 11.5% during the third quarter. Eagle Strategies LLC now owns 5,390 shares of the retailer’s stock worth $435,000 after acquiring an additional 558 shares during the last quarter. Finally, Jacobsen Capital Management boosted its holdings in shares of Walmart by 3.2% during the third quarter. Jacobsen Capital Management now owns 8,390 shares of the retailer’s stock worth $677,000 after acquiring an additional 261 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Royal Bank of Canada lifted their target price on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Evercore ISI raised their price target on shares of Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Citigroup increased their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $83.83.

Walmart Price Performance

Shares of WMT opened at $81.72 on Wednesday. The business has a 50-day moving average of $79.42 and a 200-day moving average of $70.78. 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 company has a market capitalization of $656.89 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.34.

Walmart (NYSE:WMT) last released 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the business earned $0.61 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling at Walmart

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 stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, 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 through this link. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart 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 completion of the sale, the insider now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. 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 valued at $958,784,857. 45.58% of the stock is currently owned by insiders.

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.