Peterson Financial Group Inc. Makes New Investment in Walmart Inc. (NYSE:WMT)

Peterson Financial Group Inc. purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 324 shares of the retailer’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Voisard Asset Management Group Inc. raised its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP purchased a new position in shares of Walmart in the 3rd quarter worth $33,000. EntryPoint Capital LLC purchased a new position in shares of Walmart during the 1st quarter worth about $25,000. TruNorth Capital Management LLC boosted its stake in shares of 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. Finally, Cultivar Capital Inc. bought a new stake in Walmart during the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the sale, the executive vice president now owns 384,165 shares in the company, valued at approximately $29,765,104.20. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were 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 $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 in the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Stock Down 0.3 %

Shares of Walmart stock opened at $84.25 on Monday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79. The business has a 50-day moving average of $81.29 and a two-hundred day moving average of $72.98. The company has a market capitalization of $677.22 billion, a P/E ratio of 43.80, a price-to-earnings-growth ratio of 4.20 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.

Walmart (NYSE:WMT) last issued its quarterly 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm 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 firm posted $0.61 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on WMT. Barclays lifted their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. DA Davidson upped their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. UBS Group boosted their target price on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 price target on shares of Walmart in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.