Walmart Inc. (NYSE:WMT) Shares Bought by Naviter Wealth LLC

Naviter Wealth LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 7.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 53,558 shares of the retailer’s stock after purchasing an additional 3,868 shares during the period. Naviter Wealth LLC’s holdings in Walmart were worth $4,325,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Investment Advisory Group LLC lifted its position in shares of Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after purchasing an additional 126 shares during the last quarter. Professional Financial Advisors LLC lifted its position in Walmart by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after acquiring an additional 137 shares during the last quarter. Trust Co of the South lifted its position in Walmart by 0.5% in the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock valued at $2,071,000 after acquiring an additional 138 shares during the last quarter. LVZ Inc. lifted its position in Walmart by 1.9% in the second quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock valued at $530,000 after acquiring an additional 143 shares during the last quarter. Finally, Ullmann Wealth Partners Group LLC lifted its position in Walmart by 1.1% in the third quarter. Ullmann Wealth Partners Group LLC now owns 13,036 shares of the retailer’s stock valued at $1,053,000 after acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

WMT traded down $0.07 on Thursday, hitting $81.15. 725,021 shares of the company were exchanged, compared to its average volume of 17,114,766. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The business’s fifty day moving average is $77.37 and its 200 day moving average is $69.31. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.82. The firm has a market capitalization of $652.30 billion, a P/E ratio of 42.23, a price-to-earnings-growth ratio of 4.02 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $168.56 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Melius Research initiated coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Robert W. Baird upped their target price on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $82.96.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,267,901 over the last quarter. Corporate 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.