Rappaport Reiches Capital Management LLC Boosts Stake in Walmart Inc. (NYSE:WMT)

Rappaport Reiches Capital Management LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 12.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,741 shares of the retailer’s stock after buying an additional 412 shares during the period. Rappaport Reiches Capital Management LLC’s holdings in Walmart were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of WMT. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the 1st quarter valued at $25,000. Northwest Capital Management Inc lifted its holdings in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. TruNorth Capital Management LLC lifted its holdings in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the 2nd quarter valued at $29,000. Finally, Able Wealth Management LLC purchased a new stake in shares of Walmart during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the sale, the executive vice president now directly owns 381,165 shares in the company, valued at approximately $30,862,930.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the sale, the executive vice president now directly owns 381,165 shares in the company, valued at approximately $30,862,930.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the sale, the executive vice president now owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,670 shares of company stock worth $958,267,937 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $79.61 on Friday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.60. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $639.93 billion, a PE ratio of 41.39, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51. The stock’s 50-day moving average price is $76.32 and its 200-day moving average price is $68.68.

Walmart (NYSE:WMT) last posted its earnings results 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 firm 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 earned $0.61 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WMT has been the subject of several analyst reports. Royal Bank of Canada increased their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Guggenheim raised their target price on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. BMO Capital Markets restated an “outperform” rating and issued a $80.00 target price on shares of Walmart in a research note on Friday, August 16th. Melius Research started coverage on Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price for the company. Finally, DA Davidson raised their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating 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 data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and a consensus target price of $81.96.

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.