Long Run Wealth Advisors LLC Has $472,000 Stock Position in Walmart Inc. (NYSE:WMT)

Long Run Wealth Advisors LLC reduced its stake in Walmart Inc. (NYSE:WMT) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,850 shares of the retailer’s stock after selling 319 shares during the period. Long Run Wealth Advisors LLC’s holdings in Walmart were worth $472,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in WMT. North Star Investment Management Corp. grew its position in shares of Walmart by 0.3% during the 3rd quarter. North Star Investment Management Corp. now owns 51,755 shares of the retailer’s stock worth $4,179,000 after buying an additional 158 shares during the period. Fiduciary Family Office LLC boosted its stake in Walmart by 42.9% during the 3rd quarter. Fiduciary Family Office LLC now owns 24,164 shares of the retailer’s stock worth $1,951,000 after acquiring an additional 7,251 shares during the last quarter. Falcon Wealth Planning grew its holdings in Walmart by 2.3% during the third quarter. Falcon Wealth Planning now owns 8,629 shares of the retailer’s stock valued at $697,000 after purchasing an additional 193 shares during the period. Austin Private Wealth LLC increased its stake in Walmart by 5.1% in the third quarter. Austin Private Wealth LLC now owns 17,294 shares of the retailer’s stock valued at $1,397,000 after purchasing an additional 843 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its stake in Walmart by 10.5% in the third quarter. Crestwood Advisors Group LLC now owns 34,001 shares of the retailer’s stock valued at $2,746,000 after purchasing an additional 3,231 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Up 1.5 %

Walmart stock opened at $83.69 on Wednesday. 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 stock has a 50-day simple moving average of $80.08 and a 200 day simple moving average of $71.58. The stock has a market capitalization of $672.72 billion, a P/E ratio of 43.51, a PEG ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $83.77.

Walmart (NYSE:WMT) last posted its 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 business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period in the previous year, the firm earned $0.61 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on WMT. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Piper Sandler restated an “overweight” rating and issued a $83.00 price target (up from $81.00) on shares of Walmart in a report on Friday, August 16th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Sanford C. Bernstein initiated coverage on shares of Walmart in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price target on the stock. Finally, Melius Research assumed coverage on shares of Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $83.89.

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.