Walmart Inc. (NYSE:WMT) Shares Purchased by Balboa Wealth Partners

Balboa Wealth Partners raised its position in Walmart Inc. (NYSE:WMT) by 4.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,639 shares of the retailer’s stock after buying an additional 363 shares during the period. Balboa Wealth Partners’ holdings in Walmart were worth $698,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WMT. 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. Jag Capital Management LLC increased its holdings in Walmart by 1.4% in the 3rd quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock worth $760,000 after acquiring an additional 132 shares in the last quarter. Professional Financial Advisors LLC raised its position in shares of Walmart by 0.6% during the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after purchasing an additional 137 shares during the last quarter. Inspire Advisors LLC boosted its holdings in Walmart by 2.1% in the 3rd 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. Finally, Creative Financial Designs Inc. ADV increased its stake in Walmart by 2.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock worth $564,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $84.47 on Friday. The stock has a market cap of $678.99 billion, a P/E ratio of 43.92, a price-to-earnings-growth ratio of 4.27 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. The company has a fifty day simple moving average of $80.99 and a 200-day simple moving average of $72.53. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $85.79.

Walmart (NYSE:WMT) last posted its earnings results 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 firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Equities analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at $312,322,993.92. This represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several research reports. Robert W. Baird raised their target price on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. KeyCorp boosted their price target on shares of Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Guggenheim increased their price objective on shares of Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a report on Monday, October 28th. Sanford C. Bernstein assumed coverage on Walmart in a report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 target price on the stock. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 target price on shares of Walmart in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Buy” and an average target price of $84.84.

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.