Leslie Global Wealth LLC Purchases New Shares in Walmart Inc. (NYSE:WMT)

Leslie Global Wealth LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 2,586 shares of the retailer’s stock, valued at approximately $209,000.

A number of other hedge funds have also bought and sold shares of the company. One Plus One Wealth Management LLC purchased a new stake in Walmart in the third quarter worth $328,000. Catalina Capital Group LLC grew its holdings in shares of Walmart by 14.6% in the third quarter. Catalina Capital Group LLC now owns 19,106 shares of the retailer’s stock worth $1,543,000 after purchasing an additional 2,441 shares during the last quarter. Beacon Financial Advisory LLC increased its stake in Walmart by 2.4% in the 3rd quarter. Beacon Financial Advisory LLC now owns 12,257 shares of the retailer’s stock worth $990,000 after buying an additional 287 shares during the period. North Star Investment Management Corp. lifted its holdings in Walmart by 0.3% during the 3rd quarter. North Star Investment Management Corp. now owns 51,755 shares of the retailer’s stock valued at $4,179,000 after buying an additional 158 shares in the last quarter. Finally, Fiduciary Family Office LLC boosted its position in Walmart by 42.9% in the 3rd quarter. Fiduciary Family Office LLC now owns 24,164 shares of the retailer’s stock valued at $1,951,000 after buying an additional 7,251 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 1.5 %

NYSE:WMT opened at $83.69 on Wednesday. The company has a market capitalization of $672.72 billion, a P/E ratio of 43.51, a PEG ratio of 4.13 and a beta of 0.51. 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 Inc. has a 12 month low of $49.85 and a 12 month high of $83.77. The firm has a fifty day simple moving average of $80.08 and a 200-day simple moving average of $71.58.

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

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the transaction, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the sale, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 of the company’s stock, valued at $49,198,598.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,823,647 over the last quarter. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WMT shares. Wells Fargo & Company raised their target price on shares of Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. UBS Group raised their price objective on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Telsey Advisory Group raised their price target on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, Roth Mkm upped their price objective on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $83.89.

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.