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

Magnus Financial Group LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,310 shares of the retailer’s stock after purchasing an additional 1,196 shares during the quarter. Magnus Financial Group LLC’s holdings in Walmart were worth $1,559,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new position in shares of Walmart during the 1st quarter valued at approximately $25,000. Northwest Capital Management Inc lifted its holdings in Walmart by 199.3% during the first 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 grew its position in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the second quarter worth about $29,000. Finally, FSA Wealth Management LLC raised its position in shares of 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 during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. KeyCorp boosted their price objective on Walmart from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Monday. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Stifel Nicolaus raised their price objective on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and increased their target price for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Finally, Bank of America boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $82.96.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total value of $242,910.00. Following the completion of the transaction, the executive vice president now owns 381,165 shares in the company, valued at $30,862,930.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the sale, the executive vice president now owns 606,165 shares of the company’s stock, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred 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 owns 381,165 shares of the company’s stock, valued at $30,862,930.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,335,272 shares of company stock worth $958,101,276 in the last ninety days. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Up 1.8 %

Shares of WMT stock traded up $1.42 on Tuesday, hitting $81.71. The stock had a trading volume of 13,273,996 shares, compared to its average volume of 17,227,215. The company’s 50 day moving average price is $76.80 and its 200-day moving average price is $69.07. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.82. The firm has a market capitalization of $657.24 billion, a P/E ratio of 34.92, a P/E/G ratio of 3.99 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping 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 company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

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.