NBC Securities Inc. Buys 958 Shares of Walmart Inc. (NYSE:WMT)

NBC Securities Inc. raised its stake in Walmart Inc. (NYSE:WMT) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,204 shares of the retailer’s stock after acquiring an additional 958 shares during the period. Walmart makes up about 0.8% of NBC Securities Inc.’s portfolio, making the stock its 15th biggest holding. NBC Securities Inc.’s holdings in Walmart were worth $9,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of WMT. EntryPoint Capital LLC bought a new stake in Walmart during the first quarter worth $25,000. Northwest Capital Management Inc boosted its stake in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. TruNorth Capital Management LLC boosted its stake in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in Walmart during the 2nd quarter worth approximately $29,000. Finally, FSA Wealth Management LLC increased its position in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the transaction, the executive vice president now owns 381,165 shares in the company, valued at approximately $30,862,930.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the transaction, the executive vice president now directly owns 381,165 shares in the company, valued at approximately $30,862,930.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,335,272 shares of company stock worth $958,101,276 in the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.6 %

Walmart stock traded up $1.25 during mid-day trading on Tuesday, reaching $81.54. The stock had a trading volume of 4,207,315 shares, compared to its average volume of 17,181,662. The firm has a market capitalization of $655.87 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.75. The stock’s 50-day simple moving average is $76.80 and its 200-day simple moving average is $69.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the business posted $0.61 EPS. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research analyst reports. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their target price on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Citigroup lifted their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. The Goldman Sachs Group raised their price objective on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, TD Cowen boosted their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Buy” and a consensus price target of $82.96.

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.