Walkner Condon Financial Advisors LLC Buys 324 Shares of Walmart Inc. (NYSE:WMT)

Walkner Condon Financial Advisors LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 7.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,969 shares of the retailer’s stock after acquiring an additional 324 shares during the period. Walkner Condon Financial Advisors LLC’s holdings in Walmart were worth $401,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Voisard Asset Management Group Inc. raised its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Hoese & Co LLP bought a new position in Walmart in the 3rd quarter valued at approximately $33,000. EntryPoint Capital LLC acquired a new stake in Walmart during the 1st quarter worth approximately $25,000. TruNorth Capital Management LLC boosted its position in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the period. Finally, Cultivar Capital Inc. bought a new stake in Walmart during the 2nd quarter worth approximately $29,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was 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 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $83.84 on Friday. The firm has a market capitalization of $673.93 billion, a P/E ratio of 43.59, a P/E/G ratio of 4.18 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.54. The stock has a 50 day moving average price of $80.22 and a two-hundred day moving average price of $71.67. 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 (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The business 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 was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. Equities analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WMT shares. Jefferies Financial Group lifted their price target on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. The Goldman Sachs Group lifted their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Tigress Financial increased their target price on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, DA Davidson boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $83.92.

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.