Summit Trail Advisors LLC Acquires 9,027 Shares of Walmart Inc. (NYSE:WMT)

Summit Trail Advisors LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 25.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,872 shares of the retailer’s stock after purchasing an additional 9,027 shares during the quarter. Summit Trail Advisors LLC’s holdings in Walmart were worth $3,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CAP Partners LLC grew its stake in Walmart by 2.1% during the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after purchasing an additional 125 shares during the last quarter. Investment Advisory Group LLC grew its stake in Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares during the last quarter. Jag Capital Management LLC grew its stake in Walmart by 1.4% during the 3rd quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock valued at $760,000 after purchasing an additional 132 shares during the last quarter. Professional Financial Advisors LLC grew its stake in Walmart by 0.6% during the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after purchasing an additional 137 shares during the last quarter. Finally, Inspire Advisors LLC grew its stake in Walmart by 2.1% during the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after purchasing an additional 137 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was 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 directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the transaction, the executive vice president now owns 606,165 shares of the company’s stock, valued at $49,123,611.60. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $90.44 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.22 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $82.12 and a two-hundred day moving average of $73.84. The firm has a market cap of $726.98 billion, a P/E ratio of 37.12, a price-to-earnings-growth ratio of 4.30 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $90.91.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business 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 business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. On average, analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Robert W. Baird boosted their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group boosted their price objective on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. Guggenheim boosted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. Evercore ISI boosted their price objective on Walmart from $66.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Oppenheimer boosted 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. 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.88.

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.