Everhart Financial Group Inc. Has $2.41 Million Stake in Walmart Inc. (NYSE:WMT)

Everhart Financial Group Inc. boosted its holdings in Walmart Inc. (NYSE:WMT) by 14.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,884 shares of the retailer’s stock after purchasing an additional 3,693 shares during the quarter. Everhart Financial Group Inc.’s holdings in Walmart were worth $2,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sustainable Insight Capital Management LLC acquired a new stake in shares of Walmart in the 1st quarter worth about $723,000. Anchor Capital Advisors LLC raised its stake in shares of Walmart by 159.0% in the first quarter. Anchor Capital Advisors LLC now owns 263,650 shares of the retailer’s stock worth $15,864,000 after purchasing an additional 161,846 shares during the last quarter. Oxbow Advisors LLC lifted its holdings in shares of Walmart by 45.0% in the third quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after purchasing an additional 8,834 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Walmart by 21.9% during the third quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock valued at $47,400,000 after buying an additional 105,430 shares during the last quarter. Finally, Whalerock Point Partners LLC grew its holdings in Walmart by 213.5% during the first quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock worth $1,782,000 after buying an additional 20,167 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the 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 approximately $37,113,904.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by insiders.

Walmart Trading Down 0.7 %

NYSE WMT opened at $84.21 on Tuesday. 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 stock’s 50-day simple moving average is $80.53 and its two-hundred day simple moving average is $72.10. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.54. The company has a market capitalization of $676.90 billion, a price-to-earnings ratio of 43.86, a PEG ratio of 4.25 and a beta of 0.51.

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. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.61 EPS. Research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on WMT. Bank of America raised their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Robert W. Baird lifted 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 boosted their target price on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Barclays increased their price target on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, DA Davidson lifted their target price 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. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Buy” and an average target price of $83.92.

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.