Walmart Inc. (NYSE:WMT) Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC increased its position in Walmart Inc. (NYSE:WMT) by 27.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,558 shares of the retailer’s stock after purchasing an additional 15,538 shares during the period. CreativeOne Wealth LLC’s holdings in Walmart were worth $5,778,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of WMT. FMR LLC grew its stake in Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the period. Legal & General Group Plc grew its position in Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after purchasing an additional 644,353 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after acquiring an additional 350,881 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after acquiring an additional 15,290,936 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred 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 sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. upped their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Jefferies Financial Group lifted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Piper Sandler upped their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, DA Davidson lifted their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.88.

Walmart Price Performance

NYSE:WMT opened at $91.31 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a one year low of $49.85 and a one year high of $91.88. The company has a fifty day moving average price of $82.55 and a 200 day moving average price of $74.36. The stock has a market cap of $733.97 billion, a P/E ratio of 37.47, a PEG ratio of 4.25 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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 business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

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.