Centaurus Financial Inc. Has $4.16 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Centaurus Financial Inc. lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 43.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,567 shares of the retailer’s stock after purchasing an additional 15,681 shares during the quarter. Centaurus Financial Inc.’s holdings in Walmart were worth $4,164,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. WFA Asset Management Corp raised its stake in Walmart by 201.0% during the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after acquiring an additional 1,397 shares in the last quarter. Dupont Capital Management Corp lifted its stake in Walmart by 165.4% in the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after buying an additional 168,346 shares during the period. EntryPoint Capital LLC bought a new position in Walmart during the first quarter worth $25,000. Westwood Holdings Group Inc. raised its holdings in shares of Walmart by 168.9% during the first quarter. Westwood Holdings Group Inc. now owns 1,531,461 shares of the retailer’s stock valued at $92,148,000 after purchasing an additional 961,936 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of Walmart by 500.4% during the first quarter. Lazard Asset Management LLC now owns 425,387 shares of the retailer’s stock worth $25,595,000 after purchasing an additional 354,535 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 2.3 %

NYSE WMT opened at $90.44 on Friday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $90.91. The firm has a market capitalization of $726.98 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 4.30 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $82.12 and a two-hundred day moving average of $73.84.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. On average, analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup increased their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Truist Financial lifted their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday. Melius Research assumed coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. Finally, Evercore ISI increased their price objective on Walmart from $66.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.88.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was 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 owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This represents a 0.75 % 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 valued at $958,823,647 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart 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.