Walmart Inc. (NYSE:WMT) Shares Bought by Old North State Trust LLC

Old North State Trust LLC increased its position in Walmart Inc. (NYSE:WMT) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,124 shares of the retailer’s stock after buying an additional 252 shares during the period. Walmart comprises 0.9% of Old North State Trust LLC’s portfolio, making the stock its 27th largest holding. Old North State Trust LLC’s holdings in Walmart were worth $1,141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fiduciary Financial Group LLC purchased a new stake in Walmart in the second quarter valued at approximately $201,000. Silver Lake Advisory LLC acquired a new stake in shares of Walmart during the 2nd quarter worth $263,000. Miracle Mile Advisors LLC raised its position in shares of Walmart by 10.2% in the 2nd quarter. Miracle Mile Advisors LLC now owns 38,864 shares of the retailer’s stock worth $2,631,000 after buying an additional 3,598 shares during the period. Brookstone Capital Management boosted its holdings in Walmart by 0.7% in the second quarter. Brookstone Capital Management now owns 283,489 shares of the retailer’s stock valued at $20,136,000 after acquiring an additional 1,993 shares during the last quarter. Finally, Gradient Investments LLC grew its position in Walmart by 5.3% during the second quarter. Gradient Investments LLC now owns 402,600 shares of the retailer’s stock valued at $27,260,000 after acquiring an additional 20,225 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays raised their price objective on Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. The Goldman Sachs Group lifted their price target on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Bank of America increased their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. KeyCorp upped their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Piper Sandler increased their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $92.40.

Insider Buying and Selling

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 shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,309,091 shares of company stock valued at $183,375,539. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

Shares of WMT opened at $94.12 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm’s 50 day moving average is $85.83 and its 200-day moving average is $76.74. Walmart Inc. has a 12-month low of $50.21 and a 12-month high of $96.18. The stock has a market capitalization of $756.10 billion, a P/E ratio of 38.63, a P/E/G ratio of 4.51 and a beta of 0.54.

Walmart (NYSE:WMT) last posted its quarterly earnings results 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. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. Equities research analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Walmart 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.