Turtle Creek Wealth Advisors LLC Boosts Stock Position in Walmart Inc. (NYSE:WMT)

Turtle Creek Wealth Advisors LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 7.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,559 shares of the retailer’s stock after purchasing an additional 752 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Walmart were worth $853,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Investment Advisory Group LLC grew its position in shares of 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 acquiring an additional 126 shares during the period. Jag Capital Management LLC lifted its stake in Walmart by 1.4% in the third 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 holdings in Walmart by 0.6% during the third 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 period. Inspire Advisors LLC increased its position in Walmart by 2.1% in the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after buying an additional 137 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Walmart by 2.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock valued at $564,000 after buying an additional 137 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Down 0.3 %

WMT traded down $0.22 during trading on Friday, reaching $84.25. The stock had a trading volume of 17,370,602 shares, compared to its average volume of 12,192,850. 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 company has a market capitalization of $677.22 billion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 4.22 and a beta of 0.51. The stock’s 50 day moving average is $81.29 and its two-hundred day moving average is $72.78. Walmart Inc. has a one year low of $49.85 and a one year high of $85.79.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during 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 quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. As a group, analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WMT shares. Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 price objective on shares of Walmart in a report on Wednesday. Morgan Stanley lifted their target price on shares of Walmart from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday. Roth Mkm upped their price target on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company lifted their price objective on shares of Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Buy” and a consensus target price of $85.18.

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.