Fonville Wealth Management LLC Has $325,000 Stake in Walmart Inc. (NYSE:WMT)

Fonville Wealth Management LLC lifted its position in shares of Walmart Inc. (NYSE:WMT) by 20.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,023 shares of the retailer’s stock after acquiring an additional 684 shares during the quarter. Fonville Wealth Management LLC’s holdings in Walmart were worth $325,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the 1st quarter valued at $25,000. TruNorth Capital Management LLC lifted its holdings in 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. acquired a new position in Walmart during the 2nd quarter worth about $29,000. FSA Wealth Management LLC lifted its holdings in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares during the period. Finally, Kozak & Associates Inc. lifted its holdings in Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after buying an additional 344 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the company’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 of the company’s stock, valued at $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the company’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 of the company’s stock, valued at $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,334,337 shares of company stock valued at $958,577,287. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.4 %

WMT traded up $0.34 during midday trading on Friday, reaching $82.29. 4,103,724 shares of the company were exchanged, compared to its average volume of 16,808,154. 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 company’s fifty day moving average price is $79.67 and its 200 day moving average price is $70.94. The company has a market cap of $661.47 billion, a price-to-earnings ratio of 42.72, a price-to-earnings-growth ratio of 4.08 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $83.34.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. As a group, analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Robert W. Baird lifted their target price on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Wells Fargo & Company lifted their target price on Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday. Stifel Nicolaus boosted their price objective on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Citigroup boosted their price objective on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada boosted their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has an average rating of “Buy” and an average target price of $83.89.

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.