Walkner Condon Financial Advisors LLC Has $401,000 Holdings in Walmart Inc. (NYSE:WMT)

Walkner Condon Financial Advisors LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,969 shares of the retailer’s stock after purchasing an additional 324 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in Walmart were worth $401,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Voisard Asset Management Group Inc. increased its position in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart in the third quarter valued at approximately $33,000. EntryPoint Capital LLC bought a new position in Walmart in the 1st quarter worth approximately $25,000. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares in the last quarter. Finally, Cultivar Capital Inc. bought a new position in Walmart in the 2nd quarter valued at $29,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade 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. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $83.84 on Friday. The company has a 50 day moving average of $80.22 and a 200-day moving average of $71.67. 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 stock has a market capitalization of $673.93 billion, a P/E ratio of 43.59, a P/E/G ratio of 4.18 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.54.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 earnings per share. As a group, equities research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMT. Jefferies Financial Group upped their price target on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Melius Research assumed coverage on shares of Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price on the stock. Royal Bank of Canada lifted their price target on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. Finally, Evercore ISI raised their price objective on shares of Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $83.92.

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.