Journey Advisory Group LLC Has $6.68 Million Holdings in Walmart Inc. (NYSE:WMT)

Journey Advisory Group LLC increased its position in Walmart Inc. (NYSE:WMT) by 1.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 82,751 shares of the retailer’s stock after purchasing an additional 900 shares during the period. Journey Advisory Group LLC’s holdings in Walmart were worth $6,682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the third quarter valued at $26,000. Voisard Asset Management Group Inc. boosted its position in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP purchased a new position in Walmart during the 3rd quarter valued at about $33,000. EntryPoint Capital LLC purchased a new position in Walmart during the 1st quarter valued at about $25,000. Finally, TruNorth Capital Management LLC increased its holdings 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 purchasing an additional 249 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WMT shares. Sanford C. Bernstein boosted their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday. Roth Mkm boosted their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company upped their price target on shares of Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada raised their price target on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.88.

Insider Activity

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the transaction, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Up 2.3 %

WMT stock opened at $90.44 on Friday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $90.91. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a market cap of $726.98 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 4.30 and a beta of 0.51. The business’s 50-day simple moving average is $82.12 and its 200 day simple moving average is $73.84.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 EPS. On average, research analysts anticipate 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.