Walmart Inc. (NYSE:WMT) Shares Bought by Vishria Bird Financial Group LLC

Vishria Bird Financial Group LLC raised its stake in Walmart Inc. (NYSE:WMT) by 23.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,222 shares of the retailer’s stock after acquiring an additional 1,200 shares during the period. Vishria Bird Financial Group LLC’s holdings in Walmart were worth $502,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WFA Asset Management Corp raised its holdings in Walmart by 201.0% during the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after purchasing an additional 1,397 shares in the last quarter. Dupont Capital Management Corp grew its holdings in shares of Walmart by 165.4% during the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after acquiring an additional 168,346 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Walmart by 307.1% during the 1st quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock valued at $9,645,000 after acquiring an additional 120,919 shares in the last quarter. Hudson Value Partners LLC grew its holdings in shares of Walmart by 183.6% during the 1st quarter. Hudson Value Partners LLC now owns 43,365 shares of the retailer’s stock valued at $2,609,000 after acquiring an additional 28,073 shares in the last quarter. Finally, TD Asset Management Inc boosted its holdings in Walmart by 215.7% in the first quarter. TD Asset Management Inc now owns 3,113,565 shares of the retailer’s stock worth $187,343,000 after purchasing an additional 2,127,332 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMT has been the subject of a number of recent research reports. Stifel Nicolaus upped their price objective on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and upped their price objective for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Bank of America increased 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. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Walmart in a research note on Wednesday. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $85.18.

Walmart Trading Down 0.2 %

Shares of NYSE:WMT opened at $84.27 on Friday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.79. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $81.29 and its 200 day simple moving average is $72.78. The firm has a market cap of $677.38 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 4.22 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS 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 business posted $0.61 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the transaction, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Insiders own 45.58% of the company’s stock.

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.