Boston Mountain Money Management Inc. Boosts Stock Position in Walmart Inc. (NYSE:WMT)

Boston Mountain Money Management Inc. lifted its position in shares of Walmart Inc. (NYSE:WMT) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 233,042 shares of the retailer’s stock after buying an additional 8,454 shares during the quarter. Walmart makes up 10.9% of Boston Mountain Money Management Inc.’s holdings, making the stock its 2nd largest holding. Boston Mountain Money Management Inc.’s holdings in Walmart were worth $18,818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Able Wealth Management LLC bought a new stake in Walmart during the fourth quarter valued at about $30,000. Sierra Summit Advisors LLC purchased a new stake in Walmart in the fourth quarter valued at about $252,000. Virtu Financial LLC purchased a new stake in Walmart in the fourth quarter valued at about $934,000. Scarborough Advisors LLC purchased a new stake in Walmart in the fourth quarter valued at about $155,000. Finally, M3 Advisory Group LLC purchased a new stake in Walmart in the fourth quarter valued at about $279,000. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT traded down $0.07 during trading on Monday, reaching $80.03. The stock had a trading volume of 1,497,509 shares, compared to its average volume of 17,204,680. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.60. The stock has a market cap of $643.72 billion, a PE ratio of 34.23, a PEG ratio of 3.99 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The business has a fifty day moving average price of $76.55 and a 200-day moving average price of $68.93.

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

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total value of $242,910.00. Following the sale, the executive vice president now owns 381,165 shares in the company, valued at approximately $30,862,930.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP John R. Furner sold 13,125 shares of the 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 completion of the sale, the executive vice president now owns 606,165 shares in the company, valued at approximately $49,123,611.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the sale, the executive vice president now owns 381,165 shares of the company’s stock, valued at $30,862,930.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,335,272 shares of company stock worth $958,101,276 over the last quarter. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WMT. Jefferies Financial Group increased their price target on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. TD Cowen increased their price target on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Guggenheim raised their price objective on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. KeyCorp raised their price objective on Walmart from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Citigroup raised their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $82.96.

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.