Walmart Inc. (NYSE:WMT) Shares Purchased by Massachusetts Wealth Management

Massachusetts Wealth Management boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 8.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,804 shares of the retailer’s stock after purchasing an additional 2,150 shares during the period. Massachusetts Wealth Management’s holdings in Walmart were worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lake Street Advisors Group LLC lifted its holdings in shares of Walmart by 1.5% in the 3rd quarter. Lake Street Advisors Group LLC now owns 31,634 shares of the retailer’s stock valued at $2,554,000 after buying an additional 480 shares during the period. Hudock Inc. raised its position in Walmart by 1.2% during the third quarter. Hudock Inc. now owns 13,039 shares of the retailer’s stock valued at $1,053,000 after acquiring an additional 158 shares in the last quarter. Court Place Advisors LLC lifted its holdings in Walmart by 8.6% in the third quarter. Court Place Advisors LLC now owns 4,426 shares of the retailer’s stock valued at $357,000 after acquiring an additional 350 shares during the period. Financial Management Network Inc. purchased a new stake in Walmart in the 3rd quarter worth approximately $421,000. Finally, Canal Capital Management LLC boosted its position in Walmart by 2.5% in the 3rd quarter. Canal Capital Management LLC now owns 122,609 shares of the retailer’s stock worth $9,901,000 after purchasing an additional 3,005 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. 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 objective for the company. Deutsche Bank Aktiengesellschaft raised their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $83.51.

Walmart Trading Down 0.6 %

Shares of WMT opened at $82.51 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $79.09 and a 200 day moving average price of $70.33. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $83.34. The firm has a market capitalization of $663.67 billion, a P/E ratio of 35.26, a P/E/G ratio of 4.11 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (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 during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the firm earned $0.61 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,784,857 over the last quarter. 45.58% of the stock is currently owned by company 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.