Walmart Inc. (NYSE:WMT) Shares Acquired by Means Investment CO. Inc.

Means Investment CO. Inc. increased its position in shares of Walmart Inc. (NYSE:WMT) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,830 shares of the retailer’s stock after purchasing an additional 590 shares during the quarter. Means Investment CO. Inc.’s holdings in Walmart were worth $5,639,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WMT. EntryPoint Capital LLC acquired a new stake in Walmart during the 1st quarter valued at approximately $25,000. TruNorth Capital Management LLC lifted its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in Walmart in the second quarter valued at $29,000. FSA Wealth Management LLC grew its position in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the period. Finally, Kozak & Associates Inc. raised its stake in shares of Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.5 %

Shares of NYSE:WMT opened at $81.31 on Friday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.82. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $77.90 and a two-hundred day moving average of $69.61. The stock has a market cap of $653.59 billion, a P/E ratio of 42.28, a PEG ratio of 4.07 and a beta of 0.51.

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

Insider Activity at Walmart

In other Walmart news, 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 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 $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction dated 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 transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the sale, the executive vice president now owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock worth $958,267,901. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on WMT shares. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 target price (up from $81.00) on shares of Walmart in a report on Friday, August 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. TD Cowen increased their price target on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and raised their price target for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Finally, Citigroup upped their price objective on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. One research 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. Based on data from MarketBeat.com, Walmart has a consensus rating of “Buy” and an average price target of $82.96.

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.