Walmart Inc. (NYSE:WMT) Shares Acquired by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 3.9% in the third quarter, Holdings Channel reports. The firm owned 39,949 shares of the retailer’s stock after buying an additional 1,499 shares during the period. Catalytic Wealth RIA LLC’s holdings in Walmart were worth $3,226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Vanguard Group Inc. increased its holdings in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after acquiring an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Legal & General Group Plc increased its stake in Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Walmart by 3.0% in the third quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock worth $1,353,881,000 after buying an additional 484,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after buying an additional 834,005 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler restated an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Roth Mkm lifted their target price on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. UBS Group upped their target price on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Melius Research started coverage on shares of Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. Finally, Sanford C. Bernstein initiated coverage on shares of Walmart in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Walmart presently has an average rating of “Buy” and an average price target of $83.92.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the sale, the executive vice president now directly owns 384,165 shares in the company, valued at approximately $29,765,104.20. This trade represents 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 accessible through this link. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the sale, the executive vice president now directly owns 384,165 shares in the company, valued at $29,765,104.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last three months. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

NYSE:WMT opened at $84.83 on Monday. The stock has a 50 day moving average of $80.53 and a two-hundred day moving average of $72.10. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.54. The firm has a market cap of $681.88 billion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

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

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.