Hanseatic Management Services Inc. Acquires Shares of 894 Walmart Inc. (NYSE:WMT)

Hanseatic Management Services Inc. bought a new position in Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 894 shares of the retailer’s stock, valued at approximately $72,000.

A number of other institutional investors have also made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $25,000. TruNorth Capital Management LLC boosted its holdings in shares of Walmart by 138.3% in 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 during the period. Cultivar Capital Inc. acquired a new position in Walmart in the 2nd quarter worth approximately $29,000. FSA Wealth Management LLC boosted its position in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares during the period. Finally, Kozak & Associates Inc. grew its stake in Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after acquiring an additional 344 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent research reports. Royal Bank of Canada boosted their target price on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. Stifel Nicolaus increased their price objective on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 target price on shares of Walmart in a research note on Friday, August 16th. Finally, Robert W. Baird lifted their price target on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart has a consensus rating of “Buy” and a consensus price target of $83.89.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.3 %

Shares of WMT stock opened at $83.44 on Thursday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.54. The company has a 50-day simple moving average of $80.22 and a two-hundred day simple moving average of $71.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a market capitalization of $670.71 billion, a price-to-earnings ratio of 43.46, a PEG ratio of 4.13 and a beta of 0.51.

Walmart (NYSE:WMT) last posted 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 company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. Research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal 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.