4,543 Shares in Walmart Inc. (NYSE:WMT) Bought by Goldstone Financial Group LLC

Goldstone Financial Group LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,543 shares of the retailer’s stock, valued at approximately $367,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. EntryPoint Capital LLC bought a new position in Walmart during the first quarter worth about $25,000. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new position in Walmart during the second quarter worth about $29,000. FSA Wealth Management LLC lifted its holdings in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. boosted its position in shares of Walmart by 216.4% during the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after buying an additional 344 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Up 0.7 %

Shares of Walmart stock opened at $81.96 on Friday. The firm has a 50-day moving average of $79.67 and a 200-day moving average of $70.94. The stock has a market cap of $658.81 billion, a PE ratio of 42.61, a PEG ratio of 4.08 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. As a group, sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on WMT shares. Morgan Stanley upped their price objective on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. Barclays lifted their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Bank of America lifted their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Tigress Financial lifted their price objective on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Walmart has an average rating of “Buy” and a consensus target price of $83.89.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,334,337 shares of company stock valued at $958,577,287 over the last quarter. 45.58% of the stock is owned by corporate insiders.

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.