Walmart Inc. (NYSE:WMT) is Providence Wealth Advisors LLC’s 9th Largest Position

Providence Wealth Advisors LLC lifted its position in Walmart Inc. (NYSE:WMT) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,549 shares of the retailer’s stock after purchasing an additional 122 shares during the period. Walmart comprises 2.6% of Providence Wealth Advisors LLC’s portfolio, making the stock its 9th largest holding. Providence Wealth Advisors LLC’s holdings in Walmart were worth $3,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Peterson Financial Group Inc. purchased a new position in Walmart during the third quarter valued at $26,000. TruNorth Capital Management LLC grew its stake in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in Walmart during the second quarter valued at $29,000. Voisard Asset Management Group Inc. lifted its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Hoese & Co LLP purchased a new position in shares of Walmart in the 3rd quarter worth $33,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s 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 transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Up 0.6 %

NYSE:WMT opened at $91.88 on Friday. The firm has a market cap of $738.55 billion, a PE ratio of 37.71, a price-to-earnings-growth ratio of 4.36 and a beta of 0.51. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The company has a 50-day moving average of $83.08 and a 200 day moving average of $74.60. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $92.25.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, research analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WMT. Bank of America upped their target price on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. The Goldman Sachs Group boosted their target price on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Melius Research assumed coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. Finally, Truist Financial lifted their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.88.

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.