Advisor Resource Council Invests $868,000 in Walmart Inc. (NYSE:WMT)

Advisor Resource Council bought a new stake in shares of Walmart Inc. (NYSE:WMT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,746 shares of the retailer’s stock, valued at approximately $868,000.

Other large investors also recently modified their holdings of the company. Graypoint LLC grew its stake in shares of Walmart by 2.2% during the 3rd quarter. Graypoint LLC now owns 72,878 shares of the retailer’s stock valued at $5,885,000 after acquiring an additional 1,560 shares during the period. Wealth Architects LLC lifted its holdings in shares of Walmart by 5.7% in the 3rd quarter. Wealth Architects LLC now owns 6,969 shares of the retailer’s stock valued at $563,000 after acquiring an additional 376 shares during the last quarter. American Capital Advisory LLC increased its position in shares of Walmart by 200.0% during the 3rd quarter. American Capital Advisory LLC now owns 15,456 shares of the retailer’s stock valued at $1,248,000 after purchasing an additional 10,304 shares during the last quarter. Consilium Wealth Advisory LLC lifted its holdings in shares of Walmart by 157.2% in the 3rd quarter. Consilium Wealth Advisory LLC now owns 22,818 shares of the retailer’s stock worth $1,843,000 after acquiring an additional 13,948 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Walmart by 5.2% during the third quarter. Concurrent Investment Advisors LLC now owns 296,465 shares of the retailer’s stock valued at $23,940,000 after buying an additional 14,604 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Oppenheimer lifted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. The Goldman Sachs Group boosted their price objective on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Citigroup raised their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Robert W. Baird raised their target price on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, Guggenheim raised their target price on Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, October 28th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $83.89.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’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 transaction of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by insiders.

Walmart Trading Down 0.3 %

NYSE WMT opened at $83.44 on Thursday. Walmart Inc. has a one year low of $49.85 and a one year high of $85.54. The firm has a 50 day simple moving average of $80.22 and a 200-day simple moving average of $71.67. The firm has a market cap of $670.71 billion, a price-to-earnings ratio of 43.46, a PEG ratio of 4.13 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the previous year, the business earned $0.61 EPS. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Walmart Inc. will post 2.44 EPS 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.