Walmart Inc. (NYSE:WMT) Shares Purchased by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of Walmart Inc. (NYSE:WMT) by 166.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 40,509 shares of the retailer’s stock after acquiring an additional 25,284 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Walmart were worth $3,271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new position in shares of Walmart in the 1st quarter valued at approximately $25,000. TruNorth Capital Management LLC raised its position 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 in the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart in the 2nd quarter valued at approximately $29,000. FSA Wealth Management LLC raised its position in shares of 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 in the last quarter. Finally, Kozak & Associates Inc. raised its position in shares of Walmart by 216.4% in the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after purchasing an additional 344 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Down 0.3 %

Shares of NYSE WMT opened at $81.43 on Thursday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $83.34. The company has a market cap of $654.55 billion, a price-to-earnings ratio of 42.41, a P/E/G ratio of 4.13 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. The business has a fifty day simple moving average of $79.54 and a 200-day simple moving average of $70.86.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the business posted $0.61 earnings per share. Walmart’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the sale, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction dated 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 represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the sale, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,334,337 shares of company stock valued at $958,577,287 over the last three months. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMT. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Roth Mkm boosted their price target on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. TD Cowen boosted their price target on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Finally, Morgan Stanley boosted their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $83.83.

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.