Radnor Capital Management LLC Takes Position in Walmart Inc. (NYSE:WMT)

Radnor Capital Management LLC bought a new stake in Walmart Inc. (NYSE:WMT) in the third quarter, HoldingsChannel reports. The firm bought 74,370 shares of the retailer’s stock, valued at approximately $6,005,000. Walmart accounts for 0.9% of Radnor Capital Management LLC’s investment portfolio, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. Investment Advisory Group LLC raised its stake in Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after buying an additional 126 shares during the last quarter. Professional Financial Advisors LLC raised its stake in Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after buying an additional 137 shares during the last quarter. Inspire Advisors LLC raised its stake in Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after buying an additional 137 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in Walmart by 2.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock valued at $564,000 after buying an additional 137 shares during the last quarter. Finally, Trust Co of the South raised its stake in Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock valued at $2,071,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction dated 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 in the company, valued at approximately $47,687,998,026.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. 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 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WMT has been the subject of a number of recent research reports. TD Cowen lifted their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Robert W. Baird boosted their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. boosted their price target on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Wells Fargo & Company boosted their price target on Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, UBS Group boosted their price target on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. One equities research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $83.89.

Walmart Stock Performance

Shares of WMT opened at $83.69 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $80.08 and a two-hundred day simple moving average of $71.58. The stock has a market cap of $672.72 billion, a price-to-earnings ratio of 43.51, 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 $83.77.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion during 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 business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

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.