Walmart Inc. (NYSE:WMT) Shares Bought by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,330 shares of the retailer’s stock after buying an additional 755 shares during the period. Nicolet Advisory Services LLC’s holdings in Walmart were worth $3,646,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in Walmart by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after purchasing an additional 350,881 shares during the period. Oxbow Advisors LLC increased its position in Walmart by 45.0% during the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after purchasing an additional 8,834 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Walmart by 21.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after buying an additional 105,430 shares in the last quarter. Whalerock Point Partners LLC lifted its holdings in shares of Walmart by 213.5% in the 1st quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock valued at $1,782,000 after buying an additional 20,167 shares during the period. Finally, WFA Asset Management Corp boosted its stake in shares of Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after buying an additional 1,397 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several research analyst reports. KeyCorp raised their target price on Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday. Sanford C. Bernstein raised their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday. Piper Sandler upped their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Oppenheimer increased their target price on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

Walmart Trading Up 2.3 %

Shares of WMT stock opened at $90.44 on Friday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $90.91. The firm’s 50 day moving average price is $82.12 and its two-hundred day moving average price is $73.75. The stock has a market cap of $726.94 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

Insider Activity at Walmart

In other news, 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 transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the transaction, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by company insiders.

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.