Walmart Inc. (NYSE:WMT) Shares Acquired by American Trust

American Trust grew its stake in shares of Walmart Inc. (NYSE:WMT) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,085 shares of the retailer’s stock after purchasing an additional 252 shares during the period. American Trust’s holdings in Walmart were worth $895,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fiduciary Financial Group LLC purchased a new position in shares of Walmart in the second quarter worth approximately $201,000. Silver Lake Advisory LLC acquired a new position in shares of Walmart in the 2nd quarter valued at about $263,000. Miracle Mile Advisors LLC increased its holdings in shares of Walmart by 10.2% in the 2nd quarter. Miracle Mile Advisors LLC now owns 38,864 shares of the retailer’s stock valued at $2,631,000 after purchasing an additional 3,598 shares during the period. Brookstone Capital Management boosted its holdings in shares of Walmart by 0.7% during the second quarter. Brookstone Capital Management now owns 283,489 shares of the retailer’s stock worth $20,136,000 after purchasing an additional 1,993 shares during the period. Finally, Gradient Investments LLC grew its position in Walmart by 5.3% during the second quarter. Gradient Investments LLC now owns 402,600 shares of the retailer’s stock valued at $27,260,000 after purchasing an additional 20,225 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Walmart news, major shareholder S Robson Walton sold 1,804,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $79.18, for a total transaction of $142,840,720.00. Following the completion of the transaction, the insider now directly owns 605,979,318 shares in the company, valued at $47,981,442,399.24. This represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,309,091 shares of company stock worth $183,375,539. Company insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.9 %

Shares of WMT stock opened at $94.12 on Friday. The stock has a market cap of $756.10 billion, a P/E ratio of 38.63, a price-to-earnings-growth ratio of 4.51 and a beta of 0.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a fifty day moving average price of $85.83 and a 200 day moving average price of $76.74. Walmart Inc. has a one year low of $50.21 and a one year high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research analyst reports. Sanford C. Bernstein increased their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Telsey Advisory Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Truist Financial upped their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Oppenheimer lifted their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Bank of America increased their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.40.

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.