Janney Montgomery Scott LLC Grows Stock Position in Walmart Inc. (NYSE:WMT)

Janney Montgomery Scott LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 0.5% during the third quarter, HoldingsChannel reports. The firm owned 2,374,208 shares of the retailer’s stock after buying an additional 10,814 shares during the period. Janney Montgomery Scott LLC’s holdings in Walmart were worth $191,717,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WMT. EntryPoint Capital LLC acquired a new position in shares of Walmart in the 1st quarter worth approximately $25,000. TruNorth Capital Management LLC lifted its stake 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 last quarter. Cultivar Capital Inc. acquired a new position in Walmart in the second quarter worth $29,000. FSA Wealth Management LLC raised its holdings in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the period. Finally, Kozak & Associates Inc. lifted 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 worth $32,000 after buying an additional 344 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. 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 can be accessed through this link. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,334,337 shares of company stock valued at $958,577,287 over the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

Shares of NYSE:WMT opened at $82.19 on Friday. The firm has a market capitalization of $660.66 billion, a PE ratio of 42.81, a PEG ratio of 4.10 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $83.34. The business’s 50 day moving average is $79.80 and its 200-day moving average is $71.17.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 target price on shares of Walmart in a report on Friday, August 16th. DA Davidson boosted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Stifel Nicolaus increased their target price on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Piper Sandler reissued an “overweight” rating and set a $83.00 price target (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. Finally, Guggenheim increased their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Buy” and an average price target of $83.89.

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.