Advisor Resource Council Takes Position in Walmart Inc. (NYSE:WMT)

Advisor Resource Council acquired a new position in shares of Walmart Inc. (NYSE:WMT) in the third quarter, HoldingsChannel reports. The firm acquired 10,746 shares of the retailer’s stock, valued at approximately $868,000.

A number of other large investors also recently made changes to their positions in the business. EntryPoint Capital LLC acquired a new stake in Walmart in the 1st quarter valued at $25,000. TruNorth Capital Management LLC boosted its holdings in 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 purchasing an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the second quarter worth $29,000. FSA Wealth Management LLC lifted its position in shares of Walmart by 253.0% in the 1st 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 last quarter. Finally, Kozak & Associates Inc. boosted its holdings in shares of Walmart by 216.4% in the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’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 of the company’s stock, valued at approximately $47,687,998,026.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart 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 value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction on 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 transaction, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Down 0.3 %

Shares of NYSE:WMT opened at $83.44 on Thursday. 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 firm has a market capitalization of $670.71 billion, a P/E ratio of 43.46, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. The firm has a fifty day moving average of $80.22 and a two-hundred day moving average of $71.67. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $85.54.

Walmart (NYSE:WMT) last released its quarterly 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research reports. TD Cowen lifted their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Jefferies Financial Group upped their price objective on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and raised their target price for the company from $76.00 to $89.00 in a research note on Tuesday, September 24th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, UBS Group boosted their target price on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart has an average rating of “Buy” and a consensus price target of $83.89.

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.