Old North State Wealth Management LLC Acquires Shares of 3,046 Walmart Inc. (NYSE:WMT)

Old North State Wealth Management LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,046 shares of the retailer’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Investment Advisory Group LLC lifted its holdings in shares of Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after acquiring an additional 126 shares during the period. Professional Financial Advisors LLC raised its holdings in shares of 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 buying an additional 137 shares during the last quarter. Inspire Advisors LLC raised its holdings in shares of Walmart by 2.1% in the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after buying an additional 137 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Walmart by 2.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock valued at $564,000 after buying an additional 137 shares during the last quarter. Finally, Trust Co of the South raised its holdings in shares of 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 buying an additional 138 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Trading Up 0.3 %

NYSE:WMT opened at $82.19 on Monday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $83.34. 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 50 day moving average price of $79.80 and a two-hundred day moving average price of $71.25. The company has a market cap of $660.66 billion, a P/E ratio of 42.81, a price-to-earnings-growth ratio of 4.10 and a beta of 0.51.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WMT. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Robert W. Baird boosted their price objective on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Stifel Nicolaus boosted their price objective on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. TD Cowen boosted their price objective on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Tigress Financial boosted their price objective on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $83.89.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, 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 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 $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,334,337 shares of company stock valued at $958,577,287 in the last quarter. 45.58% of the stock is currently owned by 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.