One Plus One Wealth Management LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

One Plus One Wealth Management LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) in the third quarter, Holdings Channel reports. The institutional investor bought 4,067 shares of the retailer’s stock, valued at approximately $328,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Catalina Capital Group LLC grew its stake in Walmart by 14.6% during the third quarter. Catalina Capital Group LLC now owns 19,106 shares of the retailer’s stock worth $1,543,000 after buying an additional 2,441 shares during the last quarter. Beacon Financial Advisory LLC grew its position in Walmart by 2.4% during the 3rd quarter. Beacon Financial Advisory LLC now owns 12,257 shares of the retailer’s stock worth $990,000 after acquiring an additional 287 shares during the last quarter. North Star Investment Management Corp. increased its holdings in Walmart by 0.3% during the 3rd quarter. North Star Investment Management Corp. now owns 51,755 shares of the retailer’s stock valued at $4,179,000 after purchasing an additional 158 shares in the last quarter. Fiduciary Family Office LLC increased its holdings in Walmart by 42.9% during the 3rd quarter. Fiduciary Family Office LLC now owns 24,164 shares of the retailer’s stock valued at $1,951,000 after purchasing an additional 7,251 shares in the last quarter. Finally, Falcon Wealth Planning raised its position in Walmart by 2.3% in the 3rd quarter. Falcon Wealth Planning now owns 8,629 shares of the retailer’s stock valued at $697,000 after purchasing an additional 193 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 1.5 %

Shares of WMT stock opened at $83.69 on Wednesday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.77. The stock has a market cap of $672.72 billion, a price-to-earnings ratio of 43.51, a PEG ratio of 4.13 and a beta of 0.51. The firm’s 50-day moving average is $80.08 and its 200-day moving average is $71.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $168.56 billion. During the same period in the previous year, the firm earned $0.61 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the sale, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the sale, the executive vice president now owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Evercore ISI lifted their price target on Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. DA Davidson boosted their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. KeyCorp increased their price target on shares of Walmart from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Bank of America boosted their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada boosted their target price on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $83.89.

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.