Virginia Wealth Management Group Inc. Boosts Stock Holdings in Walmart Inc. (NYSE:WMT)

Virginia Wealth Management Group Inc. increased its stake in Walmart Inc. (NYSE:WMT) by 35.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,002 shares of the retailer’s stock after acquiring an additional 13,584 shares during the quarter. Walmart makes up about 2.6% of Virginia Wealth Management Group Inc.’s portfolio, making the stock its 14th biggest holding. Virginia Wealth Management Group Inc.’s holdings in Walmart were worth $4,199,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of WMT. AHL Investment Management Inc. boosted its holdings in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares during the last quarter. Liberty Wealth Management LLC purchased a new stake in shares of Walmart in the 1st quarter valued at approximately $270,000. Commerce Bank increased its stake in Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after buying an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after buying an additional 200,947 shares during the period. Finally, Private Advisor Group LLC increased its stake in Walmart by 189.4% during the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after buying an additional 421,366 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Walmart stock traded up $0.10 during trading hours on Friday, reaching $79.71. 1,224,261 shares of the stock were exchanged, compared to its average volume of 17,240,293. The stock has a market cap of $640.73 billion, a P/E ratio of 41.39, a P/E/G ratio of 4.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.60. The firm’s 50 day moving average is $76.32 and its 200 day moving average is $68.68.

Walmart (NYSE:WMT) last announced 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 company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. Analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction dated 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 directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the transaction, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,670 shares of company stock worth $958,267,937 in the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WMT shares. JPMorgan Chase & Co. upped their target price on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Guggenheim upped their target price on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and upped their target price for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. Barclays boosted their price target on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Melius Research assumed coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Buy” and an average price target of $81.96.

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.