Shepherd Financial Partners LLC Purchases 493 Shares of Walmart Inc. (NYSE:WMT)

Shepherd Financial Partners LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,349 shares of the retailer’s stock after buying an additional 493 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Walmart were worth $3,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of WMT. EntryPoint Capital LLC purchased a new stake in Walmart in the 1st quarter worth $25,000. TruNorth Capital Management LLC grew its position in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in shares of Walmart during the second quarter valued at about $29,000. FSA Wealth Management LLC grew its position in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. grew its position in shares of Walmart by 216.4% during the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after purchasing an additional 344 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 0.4 %

NYSE:WMT traded up $0.34 during trading hours on Friday, reaching $82.29. The company’s stock had a trading volume of 4,103,724 shares, compared to its average volume of 16,808,154. The company has a market capitalization of $661.47 billion, a P/E ratio of 42.72, a price-to-earnings-growth ratio of 4.08 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $83.34. 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 stock has a 50 day moving average price of $79.67 and a two-hundred day moving average price of $70.94.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Equities analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction 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 transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related 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 value of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were 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 approximately $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. Over the last three months, insiders have sold 12,334,337 shares of company stock valued at $958,577,287. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Telsey Advisory Group raised their price objective on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Roth Mkm raised their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Evercore ISI raised their price objective on Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group increased their price target on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Morgan Stanley increased their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has an average rating of “Buy” and a consensus price target of $83.89.

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.