Centennial Wealth Advisory LLC Acquires New Position in Walmart Inc. (NYSE:WMT)

Centennial Wealth Advisory LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,943 shares of the retailer’s stock, valued at approximately $238,000.

A number of other hedge funds also recently made changes to their positions in the stock. WFA Asset Management Corp grew its holdings in Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after buying an additional 1,397 shares in the last quarter. Dupont Capital Management Corp grew its holdings in Walmart by 165.4% during the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after buying an additional 168,346 shares in the last quarter. Capital Investment Counsel Inc boosted its position in shares of Walmart by 161.1% during the 1st quarter. Capital Investment Counsel Inc now owns 306,248 shares of the retailer’s stock valued at $18,427,000 after acquiring an additional 188,935 shares during the last quarter. GLOBALT Investments LLC GA boosted its position in shares of Walmart by 198.2% during the 1st quarter. GLOBALT Investments LLC GA now owns 135,896 shares of the retailer’s stock valued at $8,177,000 after acquiring an additional 90,327 shares during the last quarter. Finally, Kinsale Capital Group Inc. boosted its position in shares of Walmart by 255.0% during the 1st quarter. Kinsale Capital Group Inc. now owns 88,371 shares of the retailer’s stock valued at $5,317,000 after acquiring an additional 63,479 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. DA Davidson raised their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Robert W. Baird raised their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Barclays raised their price target on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, TD Cowen lifted their target price on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $83.89.

Walmart Stock Up 0.8 %

Shares of NYSE WMT traded up $0.68 during mid-day trading on Wednesday, reaching $84.36. 1,268,883 shares of the company’s stock traded hands, compared to its average volume of 16,721,018. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a market cap of $678.11 billion, a P/E ratio of 43.51, a PEG ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.54. The business has a 50-day simple moving average of $80.08 and a 200 day simple moving average of $71.58.

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

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the transaction, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This 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 corporate insiders.

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.