Carlton Hofferkamp & Jenks Wealth Management LLC Sells 526 Shares of Walmart Inc. (NYSE:WMT)

Carlton Hofferkamp & Jenks Wealth Management LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,041 shares of the retailer’s stock after selling 526 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Walmart were worth $2,230,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WMT. Simmons Bank boosted its stake in Walmart by 4.5% in the third quarter. Simmons Bank now owns 256,537 shares of the retailer’s stock worth $20,715,000 after buying an additional 11,076 shares in the last quarter. Haverford Trust Co raised its position in Walmart by 6.2% in the 3rd quarter. Haverford Trust Co now owns 80,476 shares of the retailer’s stock worth $6,498,000 after purchasing an additional 4,691 shares during the period. Empower Advisory Group LLC lifted its stake in Walmart by 1.8% in the third quarter. Empower Advisory Group LLC now owns 2,966,753 shares of the retailer’s stock worth $239,565,000 after purchasing an additional 52,897 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in Walmart by 13.0% during the third quarter. Aptus Capital Advisors LLC now owns 462,181 shares of the retailer’s stock valued at $37,321,000 after buying an additional 53,231 shares during the period. Finally, Commonwealth Retirement Investments LLC grew its stake in shares of Walmart by 5.4% during the third quarter. Commonwealth Retirement Investments LLC now owns 8,167 shares of the retailer’s stock valued at $659,000 after buying an additional 415 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WMT shares. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Wells Fargo & Company upped their price target on shares of Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. One 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 company’s stock. According to MarketBeat, Walmart presently has an average rating of “Buy” and a consensus price target of $84.15.

Walmart Price Performance

NYSE:WMT opened at $85.01 on Wednesday. The stock has a market cap of $683.33 billion, a PE ratio of 44.20, a P/E/G ratio of 4.21 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $80.82 and its two-hundred day simple moving average is $72.44. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.54.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during 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 for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. As a group, analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insiders Place Their Bets

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 value 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

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.