Davies Financial Advisors Inc. Has $1.78 Million Stock Position in Walmart Inc. (NYSE:WMT)

Davies Financial Advisors Inc. decreased its position in shares of Walmart Inc. (NYSE:WMT) by 5.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,038 shares of the retailer’s stock after selling 1,209 shares during the period. Walmart accounts for approximately 1.6% of Davies Financial Advisors Inc.’s portfolio, making the stock its 18th biggest position. Davies Financial Advisors Inc.’s holdings in Walmart were worth $1,780,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WMT. Castle Rock Wealth Management LLC lifted its position in shares of Walmart by 113.3% in the third quarter. Castle Rock Wealth Management LLC now owns 42,726 shares of the retailer’s stock worth $3,425,000 after buying an additional 22,692 shares during the last quarter. Strong Tower Advisory Services increased its stake in shares of Walmart by 5.5% in the third quarter. Strong Tower Advisory Services now owns 29,045 shares of the retailer’s stock worth $2,345,000 after purchasing an additional 1,508 shares during the period. Virginia Wealth Management Group Inc. increased its stake in shares of Walmart by 35.4% in the third quarter. Virginia Wealth Management Group Inc. now owns 52,002 shares of the retailer’s stock worth $4,199,000 after purchasing an additional 13,584 shares during the period. Independence Bank of Kentucky increased its stake in shares of Walmart by 41.8% in the third quarter. Independence Bank of Kentucky now owns 39,300 shares of the retailer’s stock worth $3,173,000 after purchasing an additional 11,586 shares during the period. Finally, Rappaport Reiches Capital Management LLC increased its stake in shares of Walmart by 12.4% in the third quarter. Rappaport Reiches Capital Management LLC now owns 3,741 shares of the retailer’s stock worth $302,000 after purchasing an additional 412 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the sale, the chief executive officer now owns 3,931,301 shares in the company, valued at $277,589,163.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total transaction of $242,910.00. Following the sale, the executive vice president now owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the sale, the chief executive officer now directly owns 3,931,301 shares in the company, valued at $277,589,163.61. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,670 shares of company stock valued at $958,267,937 over the last three months. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Morgan Stanley boosted their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Telsey Advisory Group boosted their price target on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Cowen boosted their price target on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, BMO Capital Markets restated an “outperform” rating and set a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Walmart has an average rating of “Buy” and an average target price of $82.32.

Walmart Stock Up 0.2 %

Shares of Walmart stock traded up $0.12 during trading hours on Friday, reaching $79.73. 3,228,170 shares of the company’s stock were exchanged, compared to its average volume of 17,250,746. The company has a 50 day moving average of $76.32 and a two-hundred day moving average of $68.68. 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 stock has a market cap of $640.89 billion, a P/E ratio of 41.49, a P/E/G ratio of 4.03 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.60.

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