Naviter Wealth LLC Boosts Stock Holdings in Walmart Inc. (NYSE:WMT)

Naviter Wealth LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 7.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,558 shares of the retailer’s stock after acquiring an additional 3,868 shares during the period. Naviter Wealth LLC’s holdings in Walmart were worth $4,325,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hoese & Co LLP purchased a new position in shares of Walmart in the 3rd quarter worth $33,000. EntryPoint Capital LLC bought a new stake in Walmart during the 1st quarter valued at about $25,000. TruNorth Capital Management LLC lifted its holdings in 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. bought a new stake in Walmart during the 2nd quarter valued at about $29,000. Finally, Northwest Capital Management Inc lifted its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Piper Sandler restated an “overweight” rating and issued a $83.00 price target (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. Roth Mkm boosted their price target on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Tigress Financial boosted their price target on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, UBS Group boosted their price target on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 11th. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $82.96.

Walmart Price Performance

Shares of WMT stock traded down $0.07 during trading hours on Thursday, hitting $81.15. 725,021 shares of the company’s stock were exchanged, compared to its average volume of 17,114,766. The firm has a 50 day moving average of $77.37 and a two-hundred day moving average of $69.31. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.82. The firm has a market cap of $652.30 billion, a P/E ratio of 42.23, a P/E/G ratio of 4.02 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. Sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.60, for a total transaction of $926,625.00. Following the transaction, the executive vice president now directly owns 632,415 shares in the company, valued at approximately $44,648,499. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,337,337 shares of company stock worth $958,267,901. 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.