Walmart Inc. (NYSE:WMT) Shares Acquired by Barnes Pettey Financial Advisors LLC

Barnes Pettey Financial Advisors LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 21.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,500 shares of the retailer’s stock after purchasing an additional 7,949 shares during the quarter. Walmart accounts for approximately 2.9% of Barnes Pettey Financial Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Barnes Pettey Financial Advisors LLC’s holdings in Walmart were worth $3,674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Investment Advisory Group LLC increased its position in shares of Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after buying an additional 126 shares in the last quarter. Professional Financial Advisors LLC boosted its stake in Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after buying an additional 137 shares during the last quarter. Inspire Advisors LLC boosted its stake in Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after buying an additional 137 shares during the last quarter. Trust Co of the South boosted its stake in Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after buying an additional 138 shares during the last quarter. Finally, LVZ Inc. boosted its stake in Walmart by 1.9% during the second quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock worth $530,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. TD Cowen boosted their price objective on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note 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 research note on Friday, August 16th. Bank of America upped their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Stifel Nicolaus upped their price target on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. One investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $83.51.

Walmart Trading Down 0.6 %

WMT opened at $82.51 on Monday. Walmart Inc. has a one year low of $49.85 and a one year high of $83.34. The company has a market cap of $663.24 billion, a P/E ratio of 42.90, a PEG ratio of 4.13 and a beta of 0.51. 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 business’s 50-day simple moving average is $79.09 and its 200-day simple moving average is $70.47.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating 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 the consensus estimate of $168.56 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The business’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.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at $26,787,946.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,784,857 in the last three months. 45.58% of the stock is currently 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.