Everhart Financial Group Inc. Has $2.41 Million Stake in Walmart Inc. (NYSE:WMT)

Everhart Financial Group Inc. lifted its position in shares of Walmart Inc. (NYSE:WMT) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,884 shares of the retailer’s stock after purchasing an additional 3,693 shares during the period. Everhart Financial Group Inc.’s holdings in Walmart were worth $2,413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in WMT. EntryPoint Capital LLC bought a new position in shares of Walmart during the first quarter worth approximately $25,000. TruNorth Capital Management LLC grew its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $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. FSA Wealth Management LLC raised its holdings in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. lifted its position in shares of Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after acquiring an additional 344 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

Shares of WMT opened at $84.21 on Tuesday. The business has a 50-day moving average of $80.53 and a 200-day moving average of $72.10. 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 $676.90 billion, a price-to-earnings ratio of 43.86, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.54.

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.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of recent analyst reports. Citigroup raised their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Oppenheimer raised their target price on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Sanford C. Bernstein started coverage on shares of Walmart in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 target price for the company. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, DA Davidson lifted their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $83.92.

Insider Buying and Selling at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction that occurred on 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares of the company’s stock, valued at $49,198,598.40. 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 12,337,337 shares of company stock valued at $958,823,647. 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.