MBE Wealth Management LLC Acquires Shares of 3,024 Walmart Inc. (NYSE:WMT)

MBE Wealth Management LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 3,024 shares of the retailer’s stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Unique Wealth LLC raised its holdings in Walmart by 189.6% in the 1st quarter. Unique Wealth LLC now owns 4,996 shares of the retailer’s stock valued at $301,000 after acquiring an additional 3,271 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in shares of Walmart by 195.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 332,907 shares of the retailer’s stock valued at $20,089,000 after purchasing an additional 220,168 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in shares of Walmart by 195.4% in the 1st quarter. Contravisory Investment Management Inc. now owns 7,303 shares of the retailer’s stock valued at $439,000 after purchasing an additional 4,831 shares during the last quarter. Bright Rock Capital Management LLC increased its stake in shares of Walmart by 200.0% in the 1st quarter. Bright Rock Capital Management LLC now owns 159,000 shares of the retailer’s stock valued at $9,567,000 after purchasing an additional 106,000 shares during the last quarter. Finally, Forbes J M & Co. LLP increased its stake in shares of Walmart by 194.5% in the 1st quarter. Forbes J M & Co. LLP now owns 227,912 shares of the retailer’s stock valued at $13,713,000 after purchasing an additional 150,513 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WMT shares. TD Cowen lifted their price target on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Barclays lifted their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Evercore ISI lifted their price target on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. UBS Group boosted their price objective on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, KeyCorp boosted their price objective on Walmart from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $82.96.

Walmart Trading Down 0.5 %

Shares of NYSE:WMT traded down $0.40 during midday trading on Monday, reaching $80.91. The company’s stock had a trading volume of 1,971,121 shares, compared to its average volume of 17,059,422. The firm has a market capitalization of $650.37 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 4.07 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. The firm has a 50 day moving average price of $77.90 and a two-hundred day moving average price of $69.68. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.82.

Walmart (NYSE:WMT) last posted its quarterly 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 the consensus estimate of $168.56 billion. During the same period in the prior year, the business earned $0.61 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $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 three months, insiders have sold 12,337,337 shares of company stock valued at $958,267,901. 45.58% of the stock is owned by company insiders.

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.