Walmart Inc. (NYSE:WMT) Shares Bought by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 154.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,962 shares of the retailer’s stock after buying an additional 21,238 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Walmart were worth $2,823,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WMT. Hoese & Co LLP acquired a new stake in Walmart in the 3rd quarter valued at about $33,000. EntryPoint Capital LLC purchased a new stake in shares of Walmart in the first quarter valued at approximately $25,000. TruNorth Capital Management LLC increased its holdings in shares of 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 last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart in the second quarter valued at approximately $29,000. Finally, Livelsberger Financial Advisory purchased a new position in Walmart during the third quarter worth approximately $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated 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 approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart 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 transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the sale, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at $29,765,104.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,334,337 shares of company stock worth $958,577,287 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on WMT. Evercore ISI raised their target price on Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. 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. 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. DA Davidson raised their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Telsey Advisory Group upped their price objective on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $83.83.

Walmart Trading Down 0.3 %

WMT opened at $81.43 on Thursday. The business’s 50-day simple moving average is $79.54 and its 200-day simple moving average is $70.86. The company has a market cap of $654.55 billion, a P/E ratio of 42.41, a PEG ratio of 4.13 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $83.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last released its quarterly earnings data 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 net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.