2,754 Shares in Walmart Inc. (NYSE:WMT) Bought by Seldon Capital LP

Seldon Capital LP purchased a new stake in shares of Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,754 shares of the retailer’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. EntryPoint Capital LLC bought a new stake in Walmart during the 1st quarter worth approximately $25,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the 3rd quarter valued at $26,000. TruNorth Capital Management LLC lifted its stake 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 buying an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new position in Walmart in the 2nd quarter worth $29,000. Finally, FSA Wealth Management LLC increased its stake in 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 in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. This represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the business’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 owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Evercore ISI boosted their price objective on Walmart from $66.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Telsey Advisory Group boosted their price target on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Robert W. Baird increased their price objective on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday. Guggenheim boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Piper Sandler raised their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

Walmart Stock Up 2.3 %

NYSE:WMT opened at $90.44 on Friday. The company has a market cap of $726.98 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 4.30 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $90.91. The company has a current ratio of 0.85, a quick ratio of 0.22 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $82.12 and a 200-day simple moving average of $73.84.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. Analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

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.