CreativeOne Wealth LLC Has $5.78 Million Stake in Walmart Inc. (NYSE:WMT)

CreativeOne Wealth LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 27.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 71,558 shares of the retailer’s stock after purchasing an additional 15,538 shares during the period. CreativeOne Wealth LLC’s holdings in Walmart were worth $5,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. raised its position in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new position in Walmart during the 3rd quarter worth $33,000. EntryPoint Capital LLC bought a new position in Walmart in the 1st quarter valued at $25,000. Finally, TruNorth Capital Management LLC increased its stake in shares of Walmart by 138.3% in 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 during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WMT. KeyCorp raised their price target on Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. BMO Capital Markets lifted their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Citigroup increased their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. lifted their target price on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Morgan Stanley increased their price target on Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.88.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at $312,322,993.92. This represents a 0.75 % 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 in the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Up 2.0 %

Shares of NYSE:WMT opened at $91.31 on Wednesday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $91.88. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85. The company has a market capitalization of $733.97 billion, a P/E ratio of 37.47, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. The company has a 50-day simple moving average of $82.55 and a 200 day simple moving average of $74.36.

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

Walmart Company 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.