Arlington Partners LLC Buys 5,728 Shares of Walmart Inc. (NYSE:WMT)

Arlington Partners LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 11.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 54,209 shares of the retailer’s stock after purchasing an additional 5,728 shares during the period. Walmart comprises approximately 1.7% of Arlington Partners LLC’s holdings, making the stock its 17th largest position. Arlington Partners LLC’s holdings in Walmart were worth $4,377,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Benin Management CORP raised its stake in shares of Walmart by 5.2% during the third quarter. Benin Management CORP now owns 19,327 shares of the retailer’s stock valued at $1,561,000 after acquiring an additional 955 shares in the last quarter. Koss Olinger Consulting LLC increased its holdings in Walmart by 68.3% during the 3rd quarter. Koss Olinger Consulting LLC now owns 5,039 shares of the retailer’s stock worth $407,000 after purchasing an additional 2,045 shares during the period. Gilliland Jeter Wealth Management LLC raised its position in Walmart by 0.3% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 123,823 shares of the retailer’s stock valued at $9,999,000 after purchasing an additional 310 shares in the last quarter. Violich Capital Management Inc. lifted its holdings in shares of Walmart by 1.5% in the 3rd quarter. Violich Capital Management Inc. now owns 13,175 shares of the retailer’s stock worth $1,064,000 after buying an additional 200 shares during the period. Finally, McClarren Financial Advisors Inc. lifted its holdings in shares of Walmart by 351.1% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 1,218 shares of the retailer’s stock worth $98,000 after buying an additional 948 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the transaction, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the sale, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. This 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. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the sale, the chief executive officer now directly owns 3,931,301 shares in the company, valued at $277,589,163.61. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,267,901. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of NYSE WMT traded down $0.35 during mid-day trading on Monday, hitting $80.96. The stock had a trading volume of 1,681,212 shares, compared to its average volume of 17,057,994. The firm has a market cap of $650.78 billion, a PE ratio of 42.14, a PEG ratio of 4.07 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 has a 50 day moving average of $77.90 and a two-hundred day moving average of $69.68. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.82.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating 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 business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WMT shares. Evercore ISI lifted their price objective on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Royal Bank of Canada upped their price target on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. Melius Research started coverage on shares of Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Finally, Telsey Advisory Group increased their target price on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $82.96.

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.