Frisch Financial Group Inc. Makes New Investment in Walmart Inc. (NYSE:WMT)

Frisch Financial Group Inc. purchased a new stake in shares of Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,638 shares of the retailer’s stock, valued at approximately $294,000.

Several other institutional investors have also modified their holdings of WMT. Maia Wealth LLC acquired a new stake in shares of Walmart in the second quarter valued at approximately $510,000. Deltec Asset Management LLC grew its holdings in Walmart by 60.8% in the 2nd quarter. Deltec Asset Management LLC now owns 93,853 shares of the retailer’s stock worth $6,355,000 after buying an additional 35,487 shares in the last quarter. ORG Partners LLC increased its position in Walmart by 3,422.6% in the 2nd quarter. ORG Partners LLC now owns 61,822 shares of the retailer’s stock valued at $4,172,000 after acquiring an additional 60,067 shares during the period. Bremer Bank National Association raised its stake in Walmart by 8.1% during the 2nd quarter. Bremer Bank National Association now owns 9,996 shares of the retailer’s stock valued at $677,000 after acquiring an additional 745 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC boosted its position in Walmart by 2.6% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 33,234 shares of the retailer’s stock worth $2,250,000 after acquiring an additional 829 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WMT. UBS Group lifted their price objective on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial boosted their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a research note on Thursday, November 21st. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada upped their target price on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.11.

Walmart Stock Performance

Shares of WMT stock opened at $93.87 on Tuesday. The stock’s fifty day simple moving average is $85.00 and its 200-day simple moving average is $76.28. The company has a market capitalization of $754.55 billion, a price-to-earnings ratio of 38.52, a P/E/G ratio of 4.54 and a beta of 0.54. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $96.18.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. On average, sell-side analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the transaction, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at approximately $34,691,507.55. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the sale, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,243,091 shares of company stock worth $257,591,179 in the last quarter. 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.