Jeppson Wealth Management LLC Has $2.38 Million Stake in Walmart Inc. (NYSE:WMT)

Jeppson Wealth Management LLC decreased its holdings in Walmart Inc. (NYSE:WMT) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,426 shares of the retailer’s stock after selling 253 shares during the quarter. Walmart makes up about 0.9% of Jeppson Wealth Management LLC’s investment portfolio, making the stock its 23rd largest position. Jeppson Wealth Management LLC’s holdings in Walmart were worth $2,376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Everhart Financial Group Inc. raised its holdings in shares of Walmart by 14.1% in the third quarter. Everhart Financial Group Inc. now owns 29,884 shares of the retailer’s stock valued at $2,413,000 after buying an additional 3,693 shares during the last quarter. FDx Advisors Inc. increased its position in Walmart by 51.2% in the 3rd quarter. FDx Advisors Inc. now owns 6,150 shares of the retailer’s stock valued at $497,000 after acquiring an additional 2,082 shares in the last quarter. Lynx Investment Advisory increased its position in Walmart by 14.7% in the 3rd quarter. Lynx Investment Advisory now owns 3,928 shares of the retailer’s stock valued at $317,000 after acquiring an additional 502 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Walmart by 4.3% in the third quarter. Nations Financial Group Inc. IA ADV now owns 73,837 shares of the retailer’s stock worth $5,962,000 after acquiring an additional 3,075 shares during the last quarter. Finally, Laffer Tengler Investments Inc. lifted its position in shares of Walmart by 13.5% during the third quarter. Laffer Tengler Investments Inc. now owns 143,109 shares of the retailer’s stock worth $11,556,000 after purchasing an additional 17,007 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in 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. Bank of America raised their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. The Goldman Sachs Group boosted their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Buy” and a consensus price target of $83.92.

Insider Transactions at Walmart

In related news, 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 transaction of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 $37,113,904.08. This trade represents 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 available through this link. Also, 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 value 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 in the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of NYSE WMT opened at $84.21 on Tuesday. The company has a fifty day moving average price of $80.53 and a 200 day moving average price of $72.10. The firm has a market cap of $676.90 billion, a PE ratio of 43.86, a PEG ratio of 4.25 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.54.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts predict that Walmart Inc. will post 2.44 earnings per share 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.