Walmart Inc. (NYSE:WMT) Shares Acquired by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC grew its position in Walmart Inc. (NYSE:WMT) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,330 shares of the retailer’s stock after acquiring an additional 755 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Walmart were worth $3,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in Walmart during the 1st quarter valued at approximately $25,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the third quarter valued at $26,000. TruNorth Capital Management LLC grew its position in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart in the 2nd quarter worth about $29,000. Finally, FSA Wealth Management LLC lifted its position in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. DA Davidson boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. BMO Capital Markets increased their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Royal Bank of Canada lifted 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 investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.88.

Insider Activity at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on 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 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 2.3 %

Shares of NYSE:WMT opened at $90.44 on Friday. The company’s fifty day moving average is $82.12 and its 200-day moving average is $73.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.22 and a current ratio of 0.85. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $90.91. The company has a market capitalization of $726.94 billion, a PE ratio of 37.11, a P/E/G ratio of 4.20 and a beta of 0.51.

Walmart (NYSE:WMT) last issued 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Walmart Inc. will post 2.47 earnings per share 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.