Walmart Inc. (NYSE:WMT) Stock Position Lifted by Assetmark Inc.

Assetmark Inc. increased its stake in Walmart Inc. (NYSE:WMT) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,180 shares of the retailer’s stock after purchasing an additional 10,090 shares during the quarter. Assetmark Inc.’s holdings in Walmart were worth $10,674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in shares of Walmart during the first quarter valued at approximately $25,000. TruNorth Capital Management LLC increased its position in shares of Walmart by 138.3% during 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 during the period. Cultivar Capital Inc. bought a new stake in shares of Walmart in the 2nd quarter worth $29,000. FSA Wealth Management LLC lifted its holdings in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after buying an additional 377 shares during the period. Finally, Kozak & Associates Inc. boosted its stake in Walmart by 216.4% during 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 in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.2 %

Shares of WMT stock opened at $84.83 on Monday. The stock’s 50 day simple moving average is $80.53 and its 200 day simple moving average is $72.01. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.54. 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 $681.88 billion, a price-to-earnings ratio of 44.18, a PEG ratio of 4.25 and a beta of 0.51.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WMT. Piper Sandler reissued an “overweight” rating and issued a $83.00 price target (up from $81.00) on shares of Walmart in a report on Friday, August 16th. Morgan Stanley increased their price objective on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Jefferies Financial Group boosted their target price on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Tigress Financial boosted their price objective on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart currently has a consensus rating of “Buy” and a consensus price target of $83.92.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were 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 $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last quarter. Insiders own 45.58% of the company’s stock.

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.