Financial Insights Inc. Has $1.07 Million Position in Walmart Inc. (NYSE:WMT)

Financial Insights Inc. reduced its position in shares of Walmart Inc. (NYSE:WMT) by 36.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,305 shares of the retailer’s stock after selling 7,557 shares during the period. Financial Insights Inc.’s holdings in Walmart were worth $1,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of WMT. Strong Tower Advisory Services boosted its position in Walmart by 237.9% during the first quarter. Strong Tower Advisory Services now owns 19,297 shares of the retailer’s stock valued at $1,158,000 after purchasing an additional 13,586 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its position in Walmart by 228.0% during the first quarter. Capital Advisors Wealth Management LLC now owns 5,648 shares of the retailer’s stock valued at $340,000 after purchasing an additional 3,926 shares during the last quarter. Charles Schwab Trust Co boosted its position in Walmart by 160.5% during the first quarter. Charles Schwab Trust Co now owns 21,537 shares of the retailer’s stock valued at $1,296,000 after purchasing an additional 13,269 shares during the last quarter. Wealth Management Partners LLC boosted its position in Walmart by 213.3% during the first quarter. Wealth Management Partners LLC now owns 13,976 shares of the retailer’s stock valued at $841,000 after purchasing an additional 9,515 shares during the last quarter. Finally, Keystone Wealth Services LLC boosted its position in Walmart by 186.3% during the first quarter. Keystone Wealth Services LLC now owns 6,964 shares of the retailer’s stock valued at $419,000 after purchasing an additional 4,532 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WMT shares. Jefferies Financial Group increased their price target on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. upped their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Wells Fargo & Company upped their price objective on Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Piper Sandler restated an “overweight” rating and issued a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Finally, Stifel Nicolaus upped their price objective on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has a consensus rating of “Buy” and an average price target of $83.51.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the transaction, the chief executive officer now owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the sale, the chief executive officer now owns 3,931,301 shares in the company, valued at $277,589,163.61. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,267,901. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $82.02 on Wednesday. The stock’s fifty day moving average price is $78.42 and its two-hundred day moving average price is $69.99. Walmart Inc. has a one year low of $49.85 and a one year high of $82.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a market cap of $659.73 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the company posted $0.61 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, research analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal 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.