Compass Ion Advisors LLC Buys 366 Shares of Walmart Inc. (NYSE:WMT)

Compass Ion Advisors LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,213 shares of the retailer’s stock after buying an additional 366 shares during the quarter. Compass Ion Advisors LLC’s holdings in Walmart were worth $582,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Petix & Botte Co purchased a new stake in shares of Walmart in the third quarter valued at approximately $238,000. West Branch Capital LLC lifted its holdings in shares of Walmart by 2.4% in the 3rd quarter. West Branch Capital LLC now owns 66,881 shares of the retailer’s stock worth $5,401,000 after buying an additional 1,597 shares during the period. Atlas Wealth Partners LLC bought a new position in shares of Walmart during the 3rd quarter worth $241,000. Cyndeo Wealth Partners LLC increased its stake in shares of Walmart by 21.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 25,623 shares of the retailer’s stock valued at $2,069,000 after buying an additional 4,455 shares during the period. Finally, Pure Portfolios Holdings LLC bought a new stake in shares of Walmart in the third quarter valued at about $321,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the completion of the transaction, the executive vice president now directly owns 606,165 shares in the company, valued at $49,123,611.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the completion of the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was 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 $958,267,901 in the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE WMT traded up $0.42 on Friday, reaching $81.31. 12,324,148 shares of the stock traded hands, compared to its average volume of 14,648,294. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.82. 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 firm’s fifty day simple moving average is $77.90 and its 200 day simple moving average is $69.61. The company has a market cap of $653.59 billion, a price-to-earnings ratio of 42.28, a P/E/G ratio of 4.07 and a beta of 0.51.

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

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. Citigroup raised their target price on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Guggenheim upped their target price on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Jefferies Financial Group lifted their price target on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Telsey Advisory Group upped their price objective on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Finally, Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. One equities research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $82.96.

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.