BIP Wealth LLC Acquires 1,496 Shares of Walmart Inc. (NYSE:WMT)

BIP Wealth LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 10.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,194 shares of the retailer’s stock after acquiring an additional 1,496 shares during the quarter. BIP Wealth LLC’s holdings in Walmart were worth $1,308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in WMT. EntryPoint Capital LLC bought a new position in Walmart in the first quarter worth about $25,000. Peterson Financial Group Inc. purchased a new position in Walmart during the third quarter valued at $26,000. TruNorth Capital Management LLC boosted 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. purchased a new stake in shares of Walmart in the 2nd quarter worth about $29,000. Finally, FSA Wealth Management LLC lifted its position in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of recent research reports. Guggenheim upped their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Jefferies Financial Group upped their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group lifted their price objective on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. TD Cowen increased their target price on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Melius Research initiated coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Buy” and a consensus target price of $86.71.

Walmart Stock Performance

WMT opened at $84.09 on Tuesday. The firm has a market capitalization of $675.94 billion, a PE ratio of 43.80, a PEG ratio of 4.20 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 Inc. has a twelve month low of $49.85 and a twelve month high of $85.79. The firm’s 50-day moving average price is $81.43 and its 200 day moving average price is $73.15.

Insider Transactions at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.45 % 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 worth $958,823,647 in the last ninety days. Insiders own 45.58% of the company’s stock.

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.