Tandem Investment Advisors Inc. Acquires 3,208 Shares of Walmart Inc. (NYSE:WMT)

Tandem Investment Advisors Inc. raised its holdings in Walmart Inc. (NYSE:WMT) by 22.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,294 shares of the retailer’s stock after acquiring an additional 3,208 shares during the period. Tandem Investment Advisors Inc.’s holdings in Walmart were worth $1,397,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMT. EntryPoint Capital LLC bought a new position in Walmart in the 1st quarter valued at approximately $25,000. TruNorth Capital Management LLC raised its position in Walmart by 138.3% in the second 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 last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the second quarter valued at about $29,000. FSA Wealth Management LLC grew its holdings in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. increased its stake in shares of Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.5 %

Shares of WMT stock opened at $83.84 on Friday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.54. The business’s fifty day moving average is $80.22 and its 200 day moving average is $71.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a market capitalization of $673.93 billion, a PE ratio of 43.59, a price-to-earnings-growth ratio of 4.18 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Transactions at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the completion of the sale, the executive vice president now directly owns 606,165 shares in the company, valued at $49,123,611.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction dated 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 in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. 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 research note on Tuesday, October 8th. Robert W. Baird lifted their target price on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Evercore ISI upped their target price on Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and lifted their price target for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. One analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $83.92.

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.