Shum Financial Group Inc. Takes Position in Walmart Inc. (NYSE:WMT)

Shum Financial Group Inc. acquired a new stake in Walmart Inc. (NYSE:WMT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,544 shares of the retailer’s stock, valued at approximately $1,719,000. Walmart accounts for 1.4% of Shum Financial Group Inc.’s portfolio, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. EntryPoint Capital LLC bought a new position in shares of Walmart in the first quarter worth approximately $25,000. Peterson Financial Group Inc. bought a new position in shares of Walmart during the 3rd quarter valued at about $26,000. TruNorth Capital Management LLC raised its holdings 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 stake in Walmart in the 2nd quarter worth approximately $29,000. Finally, Kozak & Associates Inc. boosted its stake in Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after buying an additional 344 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of WMT traded up $0.86 during mid-day trading on Tuesday, hitting $90.36. 1,853,703 shares of the company traded hands, compared to its average volume of 16,850,416. The stock has a market cap of $726.34 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 4.29 and a beta of 0.51. The stock has a 50-day moving average price of $82.29 and a two-hundred day moving average price of $74.14. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $90.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last announced its earnings results 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 business 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 company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. Equities analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WMT. Roth Mkm boosted their price objective on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein boosted their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Melius Research started coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective on the stock. Finally, DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research report on Thursday, November 21st. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.88.

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.