Waypoint Capital Advisors LLC Buys 418 Shares of Walmart Inc. (NYSE:WMT)

Waypoint Capital Advisors LLC lifted its position in Walmart Inc. (NYSE:WMT) by 12.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,713 shares of the retailer’s stock after purchasing an additional 418 shares during the period. Waypoint Capital Advisors LLC’s holdings in Walmart were worth $300,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. AHL Investment Management Inc. grew its position in shares of Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after buying an additional 15,785 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in Walmart in the first quarter valued at $270,000. Commerce Bank increased its position in Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after purchasing an additional 200,947 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Walmart by 189.4% in the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after purchasing an additional 421,366 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of NYSE:WMT opened at $81.31 on Friday. The business has a 50-day simple moving average of $77.90 and a two-hundred day simple moving average of $69.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The firm has a market cap of $653.59 billion, a price-to-earnings ratio of 42.28, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.82.

Walmart (NYSE:WMT) last released its quarterly earnings data 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on WMT shares. KeyCorp boosted their price target on shares of Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Roth Mkm upped their target price on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Stifel Nicolaus upped their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Finally, Bank of America raised their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One research 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 stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $82.96.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,267,901 in the last ninety days. Insiders own 45.58% of the company’s stock.

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.