Acorn Wealth Advisors LLC Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Acorn Wealth Advisors LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 14.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,726 shares of the retailer’s stock after buying an additional 462 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in Walmart were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of WMT. Private Trust Co. NA lifted its position in Walmart by 3.1% in the third quarter. Private Trust Co. NA now owns 53,049 shares of the retailer’s stock valued at $4,284,000 after purchasing an additional 1,592 shares during the period. Diversified LLC boosted its stake in shares of Walmart by 8.5% in the third quarter. Diversified LLC now owns 12,210 shares of the retailer’s stock valued at $986,000 after buying an additional 956 shares in the last quarter. Truvestments Capital LLC grew its holdings in Walmart by 17.1% during the third quarter. Truvestments Capital LLC now owns 7,640 shares of the retailer’s stock worth $617,000 after acquiring an additional 1,113 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Walmart by 2.9% during the third quarter. Brown Brothers Harriman & Co. now owns 194,326 shares of the retailer’s stock worth $15,692,000 after acquiring an additional 5,529 shares during the period. Finally, Bedell Frazier Investment Counselling LLC raised its position in Walmart by 10.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 3,724 shares of the retailer’s stock worth $301,000 after acquiring an additional 347 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’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 completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 over the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

Walmart stock opened at $89.45 on Tuesday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $90.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a 50 day moving average price of $82.29 and a 200 day moving average price of $74.14. The company has a market cap of $719.02 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 4.29 and a beta of 0.51.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WMT shares. Barclays upped their price target on shares of Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Truist Financial increased their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research note on Thursday, November 21st. Finally, Guggenheim raised their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.88.

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.