Drive Wealth Management LLC Has $1.33 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Drive Wealth Management LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,491 shares of the retailer’s stock after purchasing an additional 147 shares during the quarter. Drive Wealth Management LLC’s holdings in Walmart were worth $1,332,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. WFA Asset Management Corp grew its stake in shares of Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after acquiring an additional 1,397 shares in the last quarter. Dupont Capital Management Corp increased its holdings in shares of Walmart by 165.4% during the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after purchasing an additional 168,346 shares during the period. Empowered Funds LLC raised its position in shares of Walmart by 307.1% in the first quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock valued at $9,645,000 after buying an additional 120,919 shares in the last quarter. J.Safra Asset Management Corp boosted its stake in shares of Walmart by 200.0% in the first quarter. J.Safra Asset Management Corp now owns 2,517 shares of the retailer’s stock valued at $151,000 after buying an additional 1,678 shares during the period. Finally, Tocqueville Asset Management L.P. grew its position in Walmart by 198.6% during the first quarter. Tocqueville Asset Management L.P. now owns 708,146 shares of the retailer’s stock worth $42,609,000 after buying an additional 471,016 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 0.3 %

Walmart stock opened at $84.25 on Monday. The firm has a market cap of $677.22 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 4.20 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.79. 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 firm has a 50 day moving average price of $81.29 and a two-hundred day moving average price of $72.98.

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. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. Equities analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Citigroup increased their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. DA Davidson raised their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Bank of America lifted their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada upped their target price on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Buy” and an average target price of $85.18.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’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 transaction of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’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 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 trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

About Walmart

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.