Walmart Inc. (NYSE:WMT) Shares Acquired by Good Life Advisors LLC

Good Life Advisors LLC lifted its position in Walmart Inc. (NYSE:WMT) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,158 shares of the retailer’s stock after purchasing an additional 4,633 shares during the quarter. Good Life Advisors LLC’s holdings in Walmart were worth $4,938,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the first quarter worth about $25,000. Northwest Capital Management Inc increased its holdings in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the period. TruNorth Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in Walmart in the 2nd quarter valued at $29,000. Finally, FSA Wealth Management LLC increased its stake 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 buying an additional 377 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the sale, the executive vice president now owns 606,165 shares in the company, valued at $49,123,611.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the transaction, the executive vice president now owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at $26,787,946.35. 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 have sold 12,337,337 shares of company stock valued at $958,267,901. Company insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.1 %

NYSE WMT traded down $0.11 during mid-day trading on Thursday, reaching $81.11. 2,569,808 shares of the company’s stock traded hands, compared to its average volume of 17,123,277. The company has a fifty day simple moving average of $77.37 and a 200-day simple moving average of $69.31. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.82. The company has a market cap of $651.98 billion, a price-to-earnings ratio of 42.08, a P/E/G ratio of 4.02 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

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

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent analyst reports. TD Cowen boosted their price objective on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Robert W. Baird upped their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Roth Mkm lifted their price objective on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Jefferies Financial Group upped their target price on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, The Goldman Sachs Group raised their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $82.96.

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.