Walmart Inc. (NYSE:WMT) Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.7% in the 3rd quarter, Holdings Channel reports. The fund owned 63,616 shares of the retailer’s stock after acquiring an additional 414 shares during the quarter. Diversify Wealth Management LLC’s holdings in Walmart were worth $5,297,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WMT. Vanguard Group Inc. grew its position in shares of Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares during the last quarter. Swiss National Bank grew its holdings in Walmart by 187.4% in the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after buying an additional 8,674,100 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Walmart by 284.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after acquiring an additional 8,225,552 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Walmart by 184.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after acquiring an additional 8,144,393 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Down 0.3 %

Shares of NYSE:WMT opened at $81.43 on Thursday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $83.34. The company’s 50 day moving average is $79.54 and its two-hundred day moving average is $70.86. The company has a market cap of $654.55 billion, a PE ratio of 42.41, a P/E/G ratio of 4.13 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

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

Insider Activity

In related news, 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 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. The trade was 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 through the SEC website. In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction 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 directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,334,337 shares of company stock worth $958,577,287. 45.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WMT shares. Robert W. Baird raised their price objective on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Melius Research started coverage on shares of Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. Tigress Financial raised their target price on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Bank of America upped their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $83.83.

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.