Walmart Inc. (NYSE:WMT) Shares Bought by Braun Bostich & Associates Inc.

Braun Bostich & Associates Inc. boosted its position in Walmart Inc. (NYSE:WMT) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,099 shares of the retailer’s stock after purchasing an additional 328 shares during the quarter. Braun Bostich & Associates Inc.’s holdings in Walmart were worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Vanguard Group Inc. boosted its holdings in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the last quarter. Legal & General Group Plc boosted its holdings in Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after acquiring an additional 644,353 shares during the last quarter. Raymond James & Associates boosted its holdings in Walmart by 16.0% in the second quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after acquiring an additional 2,246,656 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Walmart by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock valued at $1,095,946,000 after acquiring an additional 834,005 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

NYSE WMT opened at $81.71 on Wednesday. The stock has a market capitalization of $656.81 billion, a P/E ratio of 42.48, a P/E/G ratio of 4.02 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.82. The business’s fifty day moving average is $77.08 and its two-hundred day moving average is $69.23. 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 posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 12,335,272 shares of company stock worth $958,101,276. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. JPMorgan Chase & Co. raised their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. Robert W. Baird raised their price objective on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, Melius Research started coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective on the stock. One equities 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average 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.