Walmart Inc. (NYSE:WMT) Shares Purchased by GoalVest Advisory LLC

GoalVest Advisory LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,293 shares of the retailer’s stock after acquiring an additional 371 shares during the period. Walmart comprises 0.6% of GoalVest Advisory LLC’s investment portfolio, making the stock its 27th biggest position. GoalVest Advisory LLC’s holdings in Walmart were worth $2,042,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in Walmart during the 1st quarter worth about $25,000. TruNorth Capital Management LLC increased its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in Walmart during the 2nd quarter worth about $29,000. FSA Wealth Management LLC increased its holdings in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the period. Finally, Kozak & Associates Inc. increased its holdings in Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after purchasing an additional 344 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over 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 Stock Performance

Walmart stock opened at $84.25 on Friday. The firm has a market capitalization of $677.22 billion, a P/E ratio of 43.80, a PEG ratio of 4.21 and a beta of 0.51. The stock has a fifty day moving average price of $81.29 and a 200 day moving average price of $72.88. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.79. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

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

Wall Street Analyst Weigh In

WMT has been the topic of several recent research reports. Robert W. Baird upped 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. Evercore ISI upped their price target on Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, Barclays increased their price objective on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart has a consensus rating of “Buy” and an average target price of $85.18.

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.