Clarity Capital Partners LLC Buys Shares of 2,818 Walmart Inc. (NYSE:WMT)

Clarity Capital Partners LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,818 shares of the retailer’s stock, valued at approximately $228,000.

A number of other hedge funds have also recently bought and sold shares of the company. WFA Asset Management Corp grew its stake in shares of Walmart by 201.0% in the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after buying an additional 1,397 shares in the last quarter. Strategic Advisors LLC boosted its holdings in Walmart by 36.4% in the first quarter. Strategic Advisors LLC now owns 9,728 shares of the retailer’s stock valued at $585,000 after acquiring an additional 2,597 shares during the last quarter. American Institute for Advanced Investment Management LLP lifted its stake in Walmart by 189.6% in the first quarter. American Institute for Advanced Investment Management LLP now owns 6,560 shares of the retailer’s stock valued at $395,000 after buying an additional 4,295 shares during the period. Benchmark Financial Wealth Advisors LLC raised its position in shares of Walmart by 243.0% during the first quarter. Benchmark Financial Wealth Advisors LLC now owns 8,144 shares of the retailer’s stock worth $490,000 after purchasing an additional 5,770 shares during the period. Finally, Ashton Thomas Private Wealth LLC raised its position in Walmart by 221.5% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 106,363 shares of the retailer’s stock valued at $6,400,000 after buying an additional 73,279 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

NYSE WMT opened at $82.45 on Tuesday. The firm’s fifty day simple moving average is $79.93 and its two-hundred day simple moving average is $71.41. 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 12-month low of $49.85 and a 12-month high of $83.34. The firm has a market capitalization of $662.75 billion, a P/E ratio of 42.87, a P/E/G ratio of 4.12 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating 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 return on equity of 21.72% and a net margin of 2.34%. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. Analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Tigress Financial upped their target price on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Guggenheim upped their price target on Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Sanford C. Bernstein began coverage on Walmart in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price target for the company. Finally, Stifel Nicolaus raised their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. One 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 company’s stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Buy” and a consensus target price of $83.89.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the transaction, the executive vice president now owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,334,337 shares of company stock worth $958,577,287. 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.