Walmart Inc. (NYSE:WMT) Shares Acquired by Stonebridge Financial Planning Group LLC

Stonebridge Financial Planning Group LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 28.7% in the third quarter, HoldingsChannel reports. The firm owned 6,093 shares of the retailer’s stock after acquiring an additional 1,360 shares during the quarter. Stonebridge Financial Planning Group LLC’s holdings in Walmart were worth $492,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. Altman Advisors Inc. lifted its stake in Walmart by 31.0% in the third quarter. Altman Advisors Inc. now owns 38,512 shares of the retailer’s stock worth $3,110,000 after acquiring an additional 9,104 shares during the last quarter. Bellwether Advisors LLC lifted its position in shares of Walmart by 37.6% during the 3rd quarter. Bellwether Advisors LLC now owns 15,907 shares of the retailer’s stock worth $1,284,000 after purchasing an additional 4,344 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Walmart during the 3rd quarter worth $2,740,000. Retireful LLC purchased a new position in Walmart in the third quarter valued at $644,000. Finally, Advisors Asset Management Inc. increased its holdings in Walmart by 10.4% in the third quarter. Advisors Asset Management Inc. now owns 772,260 shares of the retailer’s stock valued at $62,360,000 after buying an additional 72,485 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

Shares of Walmart stock traded down $0.35 during trading on Wednesday, reaching $86.25. The company’s stock had a trading volume of 1,050,062 shares, compared to its average volume of 16,767,389. The business has a 50 day moving average price of $81.58 and a 200-day moving average price of $73.34. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $88.29. The company has a market capitalization of $693.30 billion, a P/E ratio of 44.87, a price-to-earnings-growth ratio of 4.19 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on WMT. Melius Research initiated coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. Morgan Stanley raised their price objective on shares of Walmart from $82.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Piper Sandler upped their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday. Jefferies Financial Group lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Bank of America raised their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $87.58.

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.