Stonegate Investment Group LLC Has $163.40 Million Stake in Walmart Inc. (NYSE:WMT)

Stonegate Investment Group LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,023,557 shares of the retailer’s stock after acquiring an additional 25,561 shares during the period. Walmart makes up 4.3% of Stonegate Investment Group LLC’s holdings, making the stock its 3rd biggest holding. Stonegate Investment Group LLC’s holdings in Walmart were worth $163,402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMT. Hoese & Co LLP purchased a new stake in shares of Walmart during the 3rd quarter valued at approximately $33,000. EntryPoint Capital LLC purchased a new position in shares of Walmart during the 1st quarter valued at $25,000. TruNorth Capital Management LLC grew its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in shares of Walmart during the 2nd quarter valued at $29,000. Finally, Kozak & Associates Inc. lifted its holdings in shares of Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after acquiring an additional 344 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Trading Down 0.2 %

Shares of Walmart stock traded down $0.17 during trading on Friday, hitting $80.72. The stock had a trading volume of 2,328,980 shares, compared to its average volume of 17,084,637. The firm’s fifty day simple moving average is $77.63 and its 200-day simple moving average is $69.39. The stock has a market cap of $649.27 billion, a PE ratio of 34.57, a PEG ratio of 4.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.82.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating 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 company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the business posted $0.61 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,267,901 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WMT shares. TD Cowen lifted their price objective on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. Barclays boosted their price target on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Melius Research began coverage on shares of Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. Finally, Jefferies Financial Group upped their price objective on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $82.96.

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.