Walmart Inc. (NYSE:WMT) Stock Holdings Increased by Baron Wealth Management LLC

Baron Wealth Management LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,262 shares of the retailer’s stock after purchasing an additional 586 shares during the quarter. Baron Wealth Management LLC’s holdings in Walmart were worth $667,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. EntryPoint Capital LLC purchased a new position in shares of Walmart in the first quarter worth approximately $25,000. Peterson Financial Group Inc. purchased a new position in Walmart during the third quarter valued at approximately $26,000. TruNorth Capital Management LLC grew its position in Walmart by 138.3% during the second 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. purchased a new position in Walmart during the second quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC grew its position in Walmart by 253.0% during the first 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. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their ownership of the stock. The sale 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 the business’s stock in a transaction 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 transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on WMT. Bank of America boosted their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their target price on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. KeyCorp boosted their target price on shares of Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Oppenheimer boosted their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $86.71.

Walmart Stock Performance

Shares of WMT opened at $84.09 on Tuesday. 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 Inc. has a twelve month low of $49.85 and a twelve month high of $85.79. The firm’s 50 day moving average price is $81.43 and its two-hundred day moving average price is $73.15. The firm has a market cap of $675.94 billion, a P/E ratio of 43.72, a PEG ratio of 4.20 and a beta of 0.51.

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.