Watershed Private Wealth LLC Has $385,000 Holdings in Walmart Inc. (NYSE:WMT)

Watershed Private Wealth LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 12.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,764 shares of the retailer’s stock after purchasing an additional 528 shares during the period. Watershed Private Wealth LLC’s holdings in Walmart were worth $385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hoese & Co LLP bought a new stake in shares of Walmart in the 3rd quarter valued at about $33,000. EntryPoint Capital LLC acquired a new position in Walmart during the first quarter worth approximately $25,000. TruNorth Capital Management LLC increased its position in Walmart by 138.3% during the second 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 last quarter. Cultivar Capital Inc. bought a new stake in Walmart in the second quarter valued at approximately $29,000. Finally, Northwest Capital Management Inc lifted its position in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Shares of WMT traded up $1.10 during mid-day trading on Tuesday, reaching $81.39. The company had a trading volume of 8,451,580 shares, compared to its average volume of 17,202,990. The company has a market capitalization of $654.66 billion, a price-to-earnings ratio of 34.78, a P/E/G ratio of 3.99 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 company’s 50 day simple moving average is $76.80 and its 200 day simple moving average is $69.07. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.82.

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

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research analyst reports. Roth Mkm increased their price target on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada increased their price objective on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Robert W. Baird lifted their target price on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. JPMorgan Chase & Co. increased their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Truist Financial raised Walmart from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $82.96.

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the 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 transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the firm’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 transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,335,272 shares of company stock valued at $958,101,276 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

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.