Synergy Financial Group LTD Buys New Position in Walmart Inc. (NYSE:WMT)

Synergy Financial Group LTD purchased a new position in shares of Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,291 shares of the retailer’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Peterson Financial Group Inc. bought a new position in Walmart during the third quarter worth $26,000. TruNorth Capital Management LLC raised its position in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart in the 2nd quarter valued at about $29,000. Voisard Asset Management Group Inc. boosted its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Finally, Hoese & Co LLP bought a new stake in shares of Walmart during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Citigroup lifted their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. KeyCorp increased their target price on shares of Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. UBS Group lifted their price target on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Evercore ISI increased their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.11.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the sale, the executive vice president now directly owns 375,165 shares in the company, valued at approximately $34,691,507.55. The trade was a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 1,804,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $79.18, for a total transaction of $142,840,720.00. Following the transaction, the insider now owns 605,979,318 shares of the company’s stock, valued at $47,981,442,399.24. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,243,091 shares of company stock valued at $257,591,179. 45.58% of the stock is owned by company insiders.

Walmart Stock Down 1.9 %

WMT stock opened at $93.87 on Tuesday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $96.18. The stock has a market cap of $754.55 billion, a P/E ratio of 38.52, a P/E/G ratio of 4.54 and a beta of 0.54. The stock’s fifty day simple moving average is $85.00 and its two-hundred day simple moving average is $76.28. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. Analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

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.