Walmart Inc. (NYSE:WMT) Stake Boosted by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 0.7% in the third quarter, Holdings Channel.com reports. The firm owned 45,765 shares of the retailer’s stock after purchasing an additional 298 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Walmart were worth $3,695,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of WMT. Vanguard Group Inc. raised its position in Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after acquiring an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Swiss National Bank increased its stake in shares of Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after purchasing an additional 8,674,100 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Walmart by 284.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after purchasing an additional 8,225,552 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Walmart by 184.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after purchasing an additional 8,144,393 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMT has been the topic of several recent research reports. BMO Capital Markets restated an “outperform” rating and set a $80.00 target price on shares of Walmart in a report on Friday, August 16th. KeyCorp raised their price objective on Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday. Barclays boosted their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. DA Davidson raised their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Evercore ISI boosted their price objective on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $82.96.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the sale, the chief executive officer now owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total value of $926,625.00. Following the completion of the transaction, the executive vice president now owns 632,415 shares in the company, valued at $44,648,499. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,335,272 shares of company stock worth $958,101,276. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 0.3 %

Shares of WMT stock opened at $80.33 on Tuesday. The company has a market capitalization of $646.14 billion, a P/E ratio of 34.33, a P/E/G ratio of 3.99 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.60. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $76.80 and a 200 day moving average price of $69.07.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share 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%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. Research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.