Gentry Private Wealth LLC Has $676,000 Stock Position in Walmart Inc. (NYSE:WMT)

Gentry Private Wealth LLC reduced its position in Walmart Inc. (NYSE:WMT) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,373 shares of the retailer’s stock after selling 283 shares during the quarter. Gentry Private Wealth LLC’s holdings in Walmart were worth $676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CAP Partners LLC lifted its position in Walmart by 2.1% in the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after purchasing an additional 125 shares during the period. Investment Advisory Group LLC lifted its holdings in shares of Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after acquiring an additional 126 shares during the period. Jag Capital Management LLC lifted its holdings in shares of Walmart by 1.4% during the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock valued at $760,000 after acquiring an additional 132 shares during the period. Professional Financial Advisors LLC lifted its holdings in shares of Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after acquiring an additional 137 shares during the period. Finally, Inspire Advisors LLC lifted its holdings in shares of Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after acquiring an additional 137 shares during the period. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WMT. DA Davidson lifted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Oppenheimer lifted their price objective on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. The Goldman Sachs Group raised their target price on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Citigroup raised their target price on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $91.88.

Walmart Price Performance

Walmart stock opened at $90.44 on Friday. The firm has a market capitalization of $726.98 billion, a P/E ratio of 37.12, a PEG ratio of 4.30 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $90.91. The business has a 50-day moving average of $82.12 and a 200-day moving average of $73.84. The company has a current ratio of 0.85, a quick ratio of 0.22 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. On average, equities analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 2.17 % 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 company insiders.

Walmart 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.