Park Edge Advisors LLC Boosts Stock Holdings in Walmart Inc. (NYSE:WMT)

Park Edge Advisors LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 119.5% during the third quarter, Holdings Channel.com reports. The firm owned 20,190 shares of the retailer’s stock after purchasing an additional 10,991 shares during the quarter. Park Edge Advisors LLC’s holdings in Walmart were worth $1,630,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hoese & Co LLP acquired a new stake in shares of Walmart in the third quarter valued at about $33,000. EntryPoint Capital LLC purchased a new position in Walmart in the first quarter valued at about $25,000. TruNorth Capital Management LLC lifted its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the 2nd quarter worth approximately $29,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. 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 is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the transaction, the executive vice president now owns 387,165 shares of the company’s stock, valued at $26,787,946.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,784,857. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $82.51 on Monday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The firm’s 50 day moving average is $79.09 and its two-hundred day moving average is $70.47. The company has a market cap of $663.24 billion, a P/E ratio of 42.90, a P/E/G ratio of 4.13 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on WMT shares. Royal Bank of Canada boosted their target price on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Piper Sandler reiterated an “overweight” rating and issued a $83.00 price objective (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Roth Mkm increased their price objective on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. UBS Group lifted their target price on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, TD Cowen increased their price target on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One investment 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 MarketBeat.com, Walmart presently has an average rating of “Buy” and a consensus price target of $83.51.

Walmart 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.