Waterway Wealth Management LLC Boosts Holdings in Walmart Inc. (NYSE:WMT)

Waterway Wealth Management LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,832 shares of the retailer’s stock after purchasing an additional 608 shares during the quarter. Walmart accounts for approximately 0.4% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Waterway Wealth Management LLC’s holdings in Walmart were worth $875,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. AHL Investment Management Inc. grew its position in shares of Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after acquiring an additional 15,785 shares during the period. Liberty Wealth Management LLC purchased a new position in Walmart in the 1st quarter valued at about $270,000. Commerce Bank lifted its stake in Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after buying an additional 600,521 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after buying an additional 200,947 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in Walmart by 189.4% in the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after buying an additional 421,366 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’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 transaction 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the firm’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 sale, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,267,901 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on WMT shares. Jefferies Financial Group raised their price target on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Royal Bank of Canada raised their target price on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Citigroup raised their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and raised their target price for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. Finally, The Goldman Sachs Group raised their price target on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $83.34.

Walmart Price Performance

Shares of WMT opened at $80.81 on Tuesday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.82. The stock has a market cap of $650.00 billion, a PE ratio of 34.53, 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 firm has a fifty day moving average price of $78.14 and a 200 day moving average price of $69.83.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating 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 business had revenue of $169.30 billion during 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 business’s revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

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.