Twin Peaks Wealth Advisors LLC Takes $247,000 Position in Walmart Inc. (NYSE:WMT)

Twin Peaks Wealth Advisors LLC purchased a new position in Walmart Inc. (NYSE:WMT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,063 shares of the retailer’s stock, valued at approximately $247,000.

Several other institutional investors also recently modified their holdings of WMT. Vanguard Group Inc. raised 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 valued at $24,774,717,000 after acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 purchasing an additional 36,625,314 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after buying an additional 644,353 shares during the period. Raymond James & Associates grew its holdings in shares of Walmart by 3.0% during the third quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock valued at $1,353,881,000 after buying an additional 484,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Walmart by 5.4% during 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 buying an additional 834,005 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, 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 completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. 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 can be accessed through this link. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,337,337 shares of company stock valued at $958,784,857. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

WMT stock traded up $0.03 during trading on Wednesday, reaching $81.73. 930,718 shares of the stock were exchanged, compared to its average volume of 16,834,990. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $83.34. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $656.97 billion, a P/E ratio of 42.56, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. The stock has a 50 day simple moving average of $79.42 and a 200-day simple moving average of $70.78.

Walmart (NYSE:WMT) last issued its 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 return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period in the prior year, the company posted $0.61 earnings per share. Walmart’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

WMT has been the topic of several research analyst reports. Jefferies Financial Group lifted their target price on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Bank of America lifted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 target price (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Finally, Tigress Financial lifted their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $83.83.

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.