Strengthening Families & Communities LLC Boosts Stock Position in Walmart Inc. (NYSE:WMT)

Strengthening Families & Communities LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,494 shares of the retailer’s stock after purchasing an additional 2,203 shares during the quarter. Walmart makes up about 0.9% of Strengthening Families & Communities LLC’s investment portfolio, making the stock its 28th largest position. Strengthening Families & Communities LLC’s holdings in Walmart were worth $3,431,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WMT. Peterson Financial Group Inc. bought a new position in shares of Walmart during the third quarter valued at about $26,000. Voisard Asset Management Group Inc. boosted its holdings in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP bought a new position in Walmart during the 3rd quarter worth approximately $33,000. EntryPoint Capital LLC purchased a new position in Walmart in the 1st quarter worth approximately $25,000. Finally, TruNorth Capital Management LLC increased its stake in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WMT shares. Morgan Stanley increased their price objective on Walmart from $82.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. UBS Group raised their price target on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, October 11th. 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 note on Tuesday, September 24th. TD Cowen increased their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group boosted their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $85.18.

Walmart Trading Down 0.3 %

NYSE:WMT opened at $84.25 on Monday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.79. The stock has a market cap of $677.22 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 4.20 and a beta of 0.51. The company’s 50 day moving average price is $81.29 and its 200-day moving average price is $72.98. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period last year, the business posted $0.61 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their position. The sale was disclosed in a 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 firm’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 transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last ninety days. 45.58% of the stock is currently 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.