Walmart Inc. (NYSE:WMT) Stake Raised by Berry Wealth Group LP

Berry Wealth Group LP boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,751 shares of the retailer’s stock after acquiring an additional 889 shares during the quarter. Walmart comprises about 3.6% of Berry Wealth Group LP’s investment portfolio, making the stock its 7th biggest position. Berry Wealth Group LP’s holdings in Walmart were worth $5,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Everence Capital Management Inc. grew its stake in shares of Walmart by 4.6% during the third quarter. Everence Capital Management Inc. now owns 132,800 shares of the retailer’s stock valued at $10,724,000 after buying an additional 5,900 shares during the last quarter. 1858 Wealth Management LLC purchased a new stake in Walmart during the third quarter worth $529,000. Sightline Wealth Advisors LLC purchased a new stake in Walmart during the third quarter worth $215,000. Clarus Group Inc. lifted its holdings in Walmart by 9.4% during the third quarter. Clarus Group Inc. now owns 18,222 shares of the retailer’s stock worth $1,471,000 after buying an additional 1,566 shares during the period. Finally, Marino Stram & Associates LLC lifted its holdings in Walmart by 18.6% during the third quarter. Marino Stram & Associates LLC now owns 15,373 shares of the retailer’s stock worth $1,241,000 after buying an additional 2,412 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, 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 transaction 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 2,709,163 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,267,901 in the last 90 days. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Melius Research initiated coverage on Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. UBS Group increased their price objective on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 11th. Citigroup increased their price objective on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus upped their target price on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $82.96.

Walmart Price Performance

WMT traded down $0.47 during trading on Monday, reaching $80.84. The company’s stock had a trading volume of 2,915,858 shares, compared to its average volume of 17,064,076. 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 has a fifty day simple moving average of $77.90 and a two-hundred day simple moving average of $69.68. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.82. The company has a market cap of $649.81 billion, a price-to-earnings ratio of 42.14, a PEG 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the company posted $0.61 EPS. The business’s revenue was up 4.7% on a year-over-year basis. As a group, analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

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.