Reston Wealth Management LLC Acquires New Stake in Walmart Inc. (NYSE:WMT)

Reston Wealth Management LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,066 shares of the retailer’s stock, valued at approximately $86,000.

Several other institutional investors also recently modified their holdings of the company. Baron Silver Stevens Financial Advisors LLC grew its stake in Walmart by 3.9% in the 3rd quarter. Baron Silver Stevens Financial Advisors LLC now owns 7,493 shares of the retailer’s stock valued at $605,000 after buying an additional 284 shares during the last quarter. Fairfield Financial Advisors LTD grew its position in shares of Walmart by 40.1% during the 3rd quarter. Fairfield Financial Advisors LTD now owns 3,460 shares of the retailer’s stock worth $279,000 after purchasing an additional 991 shares in the last quarter. O ROURKE & COMPANY Inc lifted its holdings in shares of Walmart by 3.0% during the 3rd quarter. O ROURKE & COMPANY Inc now owns 13,048 shares of the retailer’s stock worth $1,054,000 after acquiring an additional 378 shares during the period. Whelan Financial lifted its holdings in shares of Walmart by 4.3% during the 3rd quarter. Whelan Financial now owns 4,242 shares of the retailer’s stock worth $343,000 after acquiring an additional 175 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of Walmart by 4.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 10,428 shares of the retailer’s stock worth $842,000 after acquiring an additional 429 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 0.7 %

WMT opened at $81.96 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company’s 50-day moving average is $79.67 and its 200 day moving average is $70.94. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The firm has a market capitalization of $658.81 billion, a P/E ratio of 42.61, a PEG ratio of 4.08 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its earnings results 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 firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate 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 company earned $0.61 earnings per share. Research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WMT. Guggenheim upped their price target on shares of Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Monday. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. UBS Group raised their price target on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Wells Fargo & Company raised their price target on shares of Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Buy” and an average target price of $83.89.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the transaction, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,334,337 shares of company stock valued at $958,577,287. Corporate insiders own 45.58% of the company’s stock.

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.