Atlanta Consulting Group Advisors LLC Purchases 138 Shares of Walmart Inc. (NYSE:WMT)

Atlanta Consulting Group Advisors LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,972 shares of the retailer’s stock after purchasing an additional 138 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in Walmart were worth $1,532,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WMT. EntryPoint Capital LLC bought a new position in Walmart during the first quarter worth about $25,000. TruNorth Capital Management LLC lifted its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. bought a new position in shares of Walmart during the 2nd quarter worth approximately $29,000. FSA Wealth Management LLC grew its position in Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares during the period. Finally, Kozak & Associates Inc. raised its stake in Walmart by 216.4% during the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after acquiring an additional 344 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WMT. Royal Bank of Canada boosted their target price on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. UBS Group lifted their target price on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Piper Sandler restated an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Finally, TD Cowen lifted their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walmart presently has an average rating of “Buy” and a consensus target price of $85.18.

Walmart Stock Down 0.3 %

Walmart stock opened at $84.25 on Friday. The firm has a market capitalization of $677.22 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 4.21 and a beta of 0.51. The company’s 50 day simple moving average is $81.29 and its 200 day simple moving average is $72.88. 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 fifty-two week low of $49.85 and a fifty-two week high of $85.79.

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

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by company 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.