Shepherd Financial Partners LLC Has $3.90 Million Stock Position in Walmart Inc. (NYSE:WMT)

Shepherd Financial Partners LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 48,349 shares of the retailer’s stock after acquiring an additional 493 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Walmart were worth $3,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Liberty Wealth Management LLC bought a new stake in shares of Walmart in the 1st quarter valued at $270,000. Commerce Bank boosted its stake in shares of Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after purchasing an additional 200,947 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Walmart by 189.4% in the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after purchasing an additional 421,366 shares during the last quarter. Finally, Sustainable Insight Capital Management LLC bought a new stake in shares of Walmart in the 1st quarter valued at $723,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Price Performance

WMT stock traded up $0.34 during mid-day trading on Friday, hitting $82.29. 4,103,724 shares of the stock were exchanged, compared to its average volume of 16,808,154. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The business has a fifty day moving average price of $79.67 and a 200 day moving average price of $70.94. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $83.34. The stock has a market capitalization of $661.47 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 4.08 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,334,337 shares of company stock valued at $958,577,287. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research analyst reports. Morgan Stanley increased their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Tigress Financial increased their target price on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Bank of America increased their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. KeyCorp increased their target price on shares of Walmart from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Sanford C. Bernstein began coverage on shares of Walmart in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 target price on the stock. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $83.89.

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.