McAdam LLC Purchases 2,844 Shares of Walmart Inc. (NYSE:WMT)

McAdam LLC grew its position in Walmart Inc. (NYSE:WMT) by 31.3% during the third quarter, HoldingsChannel.com reports. The firm owned 11,942 shares of the retailer’s stock after buying an additional 2,844 shares during the quarter. McAdam LLC’s holdings in Walmart were worth $964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WMT. Exchange Bank lifted its position in shares of Walmart by 200.0% in the first quarter. Exchange Bank now owns 36,864 shares of the retailer’s stock worth $2,218,000 after purchasing an additional 24,576 shares in the last quarter. Parkside Investments LLC increased its stake in Walmart by 188.3% in the 1st quarter. Parkside Investments LLC now owns 150,806 shares of the retailer’s stock valued at $9,074,000 after buying an additional 98,489 shares during the last quarter. Gleason Group Inc. lifted its position in Walmart by 190.2% during the 1st quarter. Gleason Group Inc. now owns 13,767 shares of the retailer’s stock worth $828,000 after buying an additional 9,023 shares in the last quarter. First Financial Corp IN boosted its stake in shares of Walmart by 187.9% during the 1st quarter. First Financial Corp IN now owns 15,765 shares of the retailer’s stock worth $949,000 after buying an additional 10,289 shares during the last quarter. Finally, Etesian Wealth Advisors Inc. grew its holdings in shares of Walmart by 189.6% in the 1st quarter. Etesian Wealth Advisors Inc. now owns 34,525 shares of the retailer’s stock valued at $2,077,000 after acquiring an additional 22,605 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore ISI upped their target price on Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday. Robert W. Baird increased their price objective on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Stifel Nicolaus boosted their target price on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Barclays increased their price target on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, UBS Group boosted their price objective on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $83.51.

Walmart Trading Up 1.5 %

Shares of WMT stock opened at $83.26 on Thursday. The stock has a market cap of $669.26 billion, a P/E ratio of 43.29, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.34. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $78.71 and a 200 day simple moving average of $70.08.

Walmart (NYSE:WMT) last released 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the company posted $0.61 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,295,088 shares of company stock worth $955,284,831 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

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.