Walmart Inc. (NYSE:WMT) Shares Purchased by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP raised its position in Walmart Inc. (NYSE:WMT) by 1.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 18,007 shares of the retailer’s stock after acquiring an additional 202 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Walmart were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. New England Research & Management Inc. boosted its holdings in shares of Walmart by 160.5% in the first quarter. New England Research & Management Inc. now owns 7,923 shares of the retailer’s stock valued at $477,000 after acquiring an additional 4,882 shares in the last quarter. Silverleafe Capital Partners LLC lifted its position in Walmart by 140.1% in the first quarter. Silverleafe Capital Partners LLC now owns 48,769 shares of the retailer’s stock worth $2,934,000 after purchasing an additional 28,458 shares during the period. OneAscent Wealth Management LLC boosted its stake in Walmart by 196.0% during the 1st quarter. OneAscent Wealth Management LLC now owns 7,359 shares of the retailer’s stock valued at $443,000 after purchasing an additional 4,873 shares in the last quarter. Webster Bank N. A. increased its position in shares of Walmart by 202.7% during the 1st quarter. Webster Bank N. A. now owns 189,334 shares of the retailer’s stock valued at $11,392,000 after purchasing an additional 126,794 shares during the period. Finally, S.E.E.D. Planning Group LLC raised its stake in shares of Walmart by 204.6% in the 1st quarter. S.E.E.D. Planning Group LLC now owns 12,881 shares of the retailer’s stock worth $775,000 after buying an additional 8,652 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart 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 sale, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. 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 90 days, insiders sold 12,337,337 shares of company stock valued at $958,784,857. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on WMT shares. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Roth Mkm lifted their price objective on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Evercore ISI increased their target price on shares of Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Melius Research started coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price for the company. Finally, Guggenheim upped their price target on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $83.51.

Walmart Trading Down 0.6 %

Shares of WMT stock opened at $82.51 on Monday. The business’s 50 day moving average is $79.09 and its two-hundred day moving average is $70.47. 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 Inc. has a 12 month low of $49.85 and a 12 month high of $83.34. The company has a market cap of $663.24 billion, a PE ratio of 42.90, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51.

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

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.