New Century Financial Group LLC Has $1.15 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

New Century Financial Group LLC raised its stake in Walmart Inc. (NYSE:WMT) by 9.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,200 shares of the retailer’s stock after buying an additional 1,222 shares during the period. New Century Financial Group LLC’s holdings in Walmart were worth $1,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hoese & Co LLP acquired a new stake in shares of Walmart during the third quarter valued at about $33,000. EntryPoint Capital LLC bought a new stake in shares of Walmart in the first quarter worth $25,000. TruNorth Capital Management LLC increased its holdings in Walmart by 138.3% in 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. acquired a new stake in Walmart in the second quarter valued at $29,000. Finally, Kozak & Associates Inc. lifted its holdings in Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after buying an additional 344 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

WMT opened at $81.31 on Friday. The firm’s fifty day moving average price is $77.90 and its two-hundred day moving average price is $69.61. The company has a market capitalization of $653.59 billion, a price-to-earnings ratio of 42.28, a P/E/G ratio of 4.07 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.82.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 period in the prior year, the firm posted $0.61 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Oppenheimer boosted their price target on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Piper Sandler reissued an “overweight” rating and set a $83.00 target price (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Tigress Financial boosted their target price on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Evercore ISI increased their price target on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $82.96.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. The trade was 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. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on 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 transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade 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 sold 12,337,337 shares of company stock valued at $958,267,901. 45.58% of the stock is owned by insiders.

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.