Reik & CO. LLC Takes $218,000 Position in Walmart Inc. (NYSE:WMT)

Reik & CO. LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) during the third quarter, Holdings Channel reports. The institutional investor acquired 2,700 shares of the retailer’s stock, valued at approximately $218,000.

A number of other large investors have also recently made changes to their positions in WMT. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the first quarter valued at $25,000. TruNorth Capital Management LLC grew its holdings in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the second quarter valued at $29,000. FSA Wealth Management LLC grew 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 valued at $32,000 after buying an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. boosted its holdings in Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after purchasing an additional 344 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WMT has been the topic of several recent research reports. Morgan Stanley upped their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Roth Mkm upped their price target on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. Tigress Financial upped their price target on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $83.92.

Walmart Trading Up 0.5 %

Shares of Walmart stock opened at $83.84 on Friday. 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 firm’s 50-day moving average price is $80.22 and its 200 day moving average price is $71.67. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.54. The firm has a market capitalization of $673.93 billion, a PE ratio of 43.59, a P/E/G ratio of 4.18 and a beta of 0.51.

Walmart (NYSE:WMT) last released its 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 business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the company posted $0.61 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s 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 owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 in the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

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.