Avitas Wealth Management LLC Purchases 2,131 Shares of Walmart Inc. (NYSE:WMT)

Avitas Wealth Management LLC lifted its position in shares of Walmart Inc. (NYSE:WMT) by 1.3% during the third quarter, Holdings Channel.com reports. The firm owned 164,022 shares of the retailer’s stock after purchasing an additional 2,131 shares during the period. Walmart accounts for 1.9% of Avitas Wealth Management LLC’s holdings, making the stock its 11th biggest position. Avitas Wealth Management LLC’s holdings in Walmart were worth $13,245,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Childress Capital Advisors LLC raised its holdings in Walmart by 4.1% during the third quarter. Childress Capital Advisors LLC now owns 9,553 shares of the retailer’s stock worth $771,000 after buying an additional 373 shares during the last quarter. Highview Capital Management LLC DE increased its position in shares of Walmart by 4.7% during the third quarter. Highview Capital Management LLC DE now owns 35,225 shares of the retailer’s stock worth $2,844,000 after acquiring an additional 1,573 shares in the last quarter. Deltec Asset Management LLC raised its holdings in shares of Walmart by 2.1% in the 3rd quarter. Deltec Asset Management LLC now owns 95,853 shares of the retailer’s stock worth $7,740,000 after acquiring an additional 2,000 shares during the last quarter. Eagle Strategies LLC lifted its position in Walmart by 11.5% in the 3rd quarter. Eagle Strategies LLC now owns 5,390 shares of the retailer’s stock valued at $435,000 after acquiring an additional 558 shares in the last quarter. Finally, Jacobsen Capital Management boosted its stake in Walmart by 3.2% during the 3rd quarter. Jacobsen Capital Management now owns 8,390 shares of the retailer’s stock valued at $677,000 after purchasing an additional 261 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,784,857. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Down 1.2 %

Shares of NYSE WMT opened at $81.72 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market cap of $656.89 billion, a P/E ratio of 42.56, a P/E/G ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $83.34. The business has a 50-day simple moving average of $79.42 and a two-hundred day simple moving average of $70.78.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. Research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on WMT. Roth Mkm raised their target price on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Oppenheimer lifted their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. The Goldman Sachs Group increased their target price on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. TD Cowen boosted their price target on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Bank of America increased their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has an average rating of “Buy” and an average target price of $83.83.

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.