Walmart Inc. (NYSE:WMT) Position Raised by Valmark Advisers Inc.

Valmark Advisers Inc. lifted its position in shares of Walmart Inc. (NYSE:WMT) by 7.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 56,787 shares of the retailer’s stock after acquiring an additional 3,822 shares during the period. Valmark Advisers Inc.’s holdings in Walmart were worth $4,586,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. PBMares Wealth Management LLC raised its stake in Walmart by 1.5% during the 3rd quarter. PBMares Wealth Management LLC now owns 30,567 shares of the retailer’s stock valued at $2,468,000 after acquiring an additional 465 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Walmart by 0.3% during the third quarter. Farmers & Merchants Investments Inc. now owns 480,266 shares of the retailer’s stock valued at $38,781,000 after purchasing an additional 1,365 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its holdings in Walmart by 12.2% in the third quarter. Cutter & CO Brokerage Inc. now owns 7,031 shares of the retailer’s stock worth $568,000 after purchasing an additional 764 shares during the period. Diversify Advisory Services LLC grew its position in Walmart by 2.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 19,158 shares of the retailer’s stock valued at $1,571,000 after buying an additional 507 shares in the last quarter. Finally, Integrated Advisors Network LLC increased its stake in Walmart by 2.3% during the 3rd quarter. Integrated Advisors Network LLC now owns 66,880 shares of the retailer’s stock valued at $5,401,000 after buying an additional 1,482 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $81.72 on Wednesday. The firm has a market cap of $656.89 billion, a price-to-earnings ratio of 42.56, a P/E/G ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.34. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $79.42 and a 200 day simple moving average of $70.78.

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

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other 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 value of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,784,857. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WMT shares. Oppenheimer increased 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 lifted their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and upped their price objective for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. TD Cowen lifted their target price on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Evercore ISI upped their price target on shares of Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $83.83.

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.