Walmart Inc. (NYSE:WMT) Shares Purchased by GoalVest Advisory LLC

GoalVest Advisory LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,293 shares of the retailer’s stock after purchasing an additional 371 shares during the quarter. Walmart accounts for approximately 0.6% of GoalVest Advisory LLC’s investment portfolio, making the stock its 27th largest holding. GoalVest Advisory LLC’s holdings in Walmart were worth $2,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Voisard Asset Management Group Inc. raised its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Hoese & Co LLP purchased a new position in Walmart during the third quarter valued at approximately $33,000. EntryPoint Capital LLC purchased a new position in Walmart during the first quarter valued at approximately $25,000. TruNorth Capital Management LLC raised its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares in the last quarter. Finally, Cultivar Capital Inc. purchased a new position in Walmart during the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were 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 in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $84.25 on Friday. The stock’s fifty day moving average is $81.29 and its two-hundred day moving average is $72.88. The firm has a market capitalization of $677.22 billion, a P/E ratio of 43.80, a price-to-earnings-growth ratio of 4.21 and a beta of 0.51. 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 Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.79.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the company posted $0.61 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WMT. DA Davidson lifted their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Roth Mkm boosted their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Sanford C. Bernstein began coverage on Walmart in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price objective for the company. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Finally, Piper Sandler restated an “overweight” rating and issued a $83.00 price objective (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart currently has an average rating of “Buy” and a consensus price target of $85.18.

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.