RFG Advisory LLC Has $7.62 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

RFG Advisory LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,331 shares of the retailer’s stock after purchasing an additional 9,033 shares during the quarter. RFG Advisory LLC’s holdings in Walmart were worth $7,617,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after buying an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after buying an additional 36,625,314 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after buying an additional 644,353 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Walmart by 16.0% during the second quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after buying an additional 2,246,656 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock valued at $1,095,946,000 after buying an additional 834,005 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Walmart stock opened at $80.90 on Friday. The firm’s 50 day simple moving average is $77.63 and its 200 day simple moving average is $69.39. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $650.72 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 4.02 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.82.

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. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. As a group, analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total value of $926,625.00. Following the transaction, the executive vice president now owns 632,415 shares of the company’s stock, valued at $44,648,499. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total transaction of $926,625.00. Following the transaction, the executive vice president now owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares in the company, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,267,901 in the last quarter. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Barclays boosted their price target on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Finally, Wells Fargo & Company boosted their price target on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $82.96.

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.