Bernardo Wealth Planning LLC Raises Stock Position in Walmart Inc. (NYSE:WMT)

Bernardo Wealth Planning LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,764 shares of the retailer’s stock after purchasing an additional 300 shares during the period. Bernardo Wealth Planning LLC’s holdings in Walmart were worth $547,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Hoese & Co LLP purchased a new position in shares of Walmart in the 3rd quarter worth $33,000. EntryPoint Capital LLC purchased a new position in Walmart in the first quarter worth about $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 purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in shares of Walmart in the 2nd quarter valued at approximately $29,000. Finally, Kozak & Associates Inc. increased 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 purchasing an additional 344 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of WMT opened at $81.31 on Friday. The firm has a market capitalization of $653.59 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. 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’s fifty day moving average price is $77.90 and its 200-day moving average price is $69.61. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.82.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on WMT shares. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Tigress Financial increased their target price on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Robert W. Baird boosted their target price on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. DA Davidson raised their price target 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. Finally, Barclays boosted their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $82.96.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the sale, the chief executive officer now directly owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the sale, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at $26,787,946.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the transaction, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,267,901. 45.58% of the stock is owned by company insiders.

About Walmart

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.