Rise Advisors LLC Has $323,000 Holdings in Walmart Inc. (NYSE:WMT)

Rise Advisors LLC decreased its position in Walmart Inc. (NYSE:WMT) by 8.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,997 shares of the retailer’s stock after selling 391 shares during the period. Rise Advisors LLC’s holdings in Walmart were worth $323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Able Wealth Management LLC bought a new stake in Walmart during the fourth quarter valued at about $30,000. Sierra Summit Advisors LLC acquired a new position in shares of Walmart during the fourth quarter worth approximately $252,000. Virtu Financial LLC bought a new stake in shares of Walmart in the fourth quarter valued at approximately $934,000. Scarborough Advisors LLC acquired a new stake in shares of Walmart in the fourth quarter worth $155,000. Finally, M3 Advisory Group LLC bought a new position in Walmart during the fourth quarter worth $279,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Up 0.6 %

Shares of Walmart stock opened at $80.10 on Monday. The firm has a market cap of $644.29 billion, a PE ratio of 34.23, a P/E/G ratio of 3.99 and a beta of 0.51. The business’s 50 day simple moving average is $76.55 and its 200 day simple moving average is $68.93. 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 Inc. has a 52-week low of $49.85 and a 52-week high of $81.60.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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 company 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 company earned $0.61 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of a number of analyst reports. Royal Bank of Canada upped their target price on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Tigress Financial raised their price objective 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. Bank of America upped their target price 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. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, Wells Fargo & Company upped their price objective on Walmart from $81.00 to $88.00 and gave the stock an “overweight” 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 given a strong buy rating to the company. According to MarketBeat, Walmart currently has an average rating of “Buy” and an average price target of $82.32.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s 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 owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total transaction of $242,910.00. Following the transaction, the executive vice president now directly owns 381,165 shares in the company, valued at approximately $30,862,930.05. The trade was a 0.00 % decrease in their ownership of the stock. 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 stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,335,272 shares of company stock worth $958,101,276 in the last three months. 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.