GSB Wealth Management LLC Acquires 963 Shares of Walmart Inc. (NYSE:WMT)

GSB Wealth Management LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 27.9% during the third quarter, HoldingsChannel.com reports. The fund owned 4,416 shares of the retailer’s stock after purchasing an additional 963 shares during the period. GSB Wealth Management LLC’s holdings in Walmart were worth $357,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WMT. Hoese & Co LLP acquired a new position in Walmart during the 3rd quarter worth approximately $33,000. EntryPoint Capital LLC bought a new stake in shares of Walmart during the first quarter worth $25,000. TruNorth Capital Management LLC increased its holdings in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new position in shares of Walmart in the 2nd quarter valued at $29,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart during the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the sale, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,334,337 shares of company stock valued at $958,577,287 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.3 %

Shares of NYSE:WMT opened at $81.43 on Thursday. The firm has a market cap of $654.55 billion, a P/E ratio of 42.41, a PEG ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The business’s 50 day simple moving average is $79.54 and its two-hundred day simple moving average is $70.86. 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. 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 the consensus estimate of $168.56 billion. During the same quarter last year, the firm posted $0.61 EPS. Walmart’s revenue was up 4.7% compared to the same quarter last year. As a group, research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Walmart in a report on Friday, August 16th. Guggenheim raised their price objective on shares of Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Robert W. Baird raised their price target on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, TD Cowen lifted their price target 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 equities research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $83.83.

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.