Sargent Investment Group LLC Raises Stock Position in Walmart Inc. (NYSE:WMT)

Sargent Investment Group LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 8.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,924 shares of the retailer’s stock after buying an additional 5,721 shares during the period. Walmart makes up 1.1% of Sargent Investment Group LLC’s portfolio, making the stock its 23rd largest holding. Sargent Investment Group LLC’s holdings in Walmart were worth $6,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Omnia Family Wealth LLC lifted its holdings in shares of Walmart by 13.7% in the 3rd quarter. Omnia Family Wealth LLC now owns 4,465 shares of the retailer’s stock worth $361,000 after acquiring an additional 539 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Walmart by 6.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 122,414 shares of the retailer’s stock worth $9,885,000 after acquiring an additional 6,980 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Walmart by 6.6% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 1,015,409 shares of the retailer’s stock worth $81,994,000 after acquiring an additional 63,106 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Walmart by 3.2% in the 3rd quarter. Metis Global Partners LLC now owns 205,093 shares of the retailer’s stock worth $16,561,000 after acquiring an additional 6,349 shares during the last quarter. Finally, Curi RMB Capital LLC lifted its holdings in shares of Walmart by 43.2% in the 3rd quarter. Curi RMB Capital LLC now owns 24,450 shares of the retailer’s stock worth $1,974,000 after acquiring an additional 7,381 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the sale, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the sale, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Melius Research started coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. UBS Group lifted their price objective on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Buy” and a consensus target price of $84.84.

Walmart Stock Performance

Walmart stock traded up $0.11 during mid-day trading on Thursday, reaching $85.61. 3,554,859 shares of the company traded hands, compared to its average volume of 16,651,361. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.79. The company has a market capitalization of $688.15 billion, a price-to-earnings ratio of 44.46, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. The firm’s fifty day moving average is $80.99 and its two-hundred day moving average is $72.53.

Walmart (NYSE:WMT) last issued 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. 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 quarter in the prior year, the business posted $0.61 EPS. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.