Chicago Partners Investment Group LLC Acquires 828 Shares of Walmart Inc. (NYSE:WMT)

Chicago Partners Investment Group LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,713 shares of the retailer’s stock after acquiring an additional 828 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Walmart were worth $3,140,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the first quarter valued at about $25,000. TruNorth Capital Management LLC raised 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 worth $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new stake in Walmart during the second quarter valued at approximately $29,000. FSA Wealth Management LLC boosted its stake in Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. grew its holdings 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 purchasing an additional 344 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction 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 transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 12,334,337 shares of company stock valued at $958,577,287. 45.58% of the stock is owned by company insiders.

Walmart Trading Up 0.3 %

Shares of Walmart stock opened at $82.19 on Friday. The firm has a 50-day simple moving average of $79.80 and a two-hundred day simple moving average of $71.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The company has a market cap of $660.66 billion, a P/E ratio of 42.81, a price-to-earnings-growth ratio of 4.10 and a beta of 0.51.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WMT. Oppenheimer raised their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Evercore ISI raised their price target on Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Telsey Advisory Group upped their price objective on shares of Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Royal Bank of Canada increased their price objective on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $83.89.

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.