Slow Capital Inc. Purchases 1,656 Shares of Walmart Inc. (NYSE:WMT)

Slow Capital Inc. grew its holdings in Walmart Inc. (NYSE:WMT) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,636 shares of the retailer’s stock after acquiring an additional 1,656 shares during the quarter. Walmart accounts for approximately 0.9% of Slow Capital Inc.’s investment portfolio, making the stock its 28th biggest position. Slow Capital Inc.’s holdings in Walmart were worth $5,865,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. EntryPoint Capital LLC bought a new stake in shares of Walmart during the 1st quarter valued at $25,000. TruNorth Capital Management LLC lifted its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in Walmart during the second quarter worth about $29,000. FSA Wealth Management LLC increased its holdings in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after buying an additional 377 shares during the period. Finally, Kozak & Associates Inc. raised its position in shares of Walmart by 216.4% in the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WMT shares. Piper Sandler reissued an “overweight” rating and issued a $83.00 price objective (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. Roth Mkm upped their price objective on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. The Goldman Sachs Group raised their price objective on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Evercore ISI boosted their target price on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, DA Davidson raised their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Walmart has a consensus rating of “Buy” and an average price target of $82.96.

Walmart Price Performance

Shares of NYSE:WMT opened at $81.31 on Friday. The stock’s 50 day moving average is $77.90 and its 200-day moving average is $69.54. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.82. 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 firm has a market capitalization of $654.02 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 4.02 and a beta of 0.51.

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

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction 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 transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total value of $926,625.00. Following the transaction, the executive vice president now owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,337,337 shares of company stock worth $958,267,901. 45.58% of the stock is owned by corporate insiders.

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.