Walmart Inc. (NYSE:WMT) Shares Bought by Focus Financial Network Inc.

Focus Financial Network Inc. raised its stake in shares of Walmart Inc. (NYSE:WMT) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,216 shares of the retailer’s stock after acquiring an additional 795 shares during the period. Focus Financial Network Inc.’s holdings in Walmart were worth $2,844,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Liberty Wealth Management LLC purchased a new position in shares of Walmart during the first quarter worth $270,000. Commerce Bank increased its stake in Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after purchasing an additional 200,947 shares in the last quarter. Sustainable Insight Capital Management LLC purchased a new position in shares of Walmart in the first quarter valued at approximately $723,000. Finally, Meridian Management Co. grew its holdings in shares of Walmart by 200.2% in the first quarter. Meridian Management Co. now owns 140,880 shares of the retailer’s stock valued at $8,477,000 after purchasing an additional 93,955 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,334,337 shares of company stock valued at $958,577,287. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.3 %

Shares of Walmart stock opened at $82.19 on Friday. 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 market capitalization of $660.66 billion, a P/E ratio of 42.73, a PEG ratio of 4.10 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’s fifty day moving average is $79.80 and its two-hundred day moving average is $71.09.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. Analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WMT shares. Roth Mkm increased their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Barclays lifted their target price on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Sanford C. Bernstein initiated coverage on Walmart in a report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price target on the stock. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Jefferies Financial Group upped their target price on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $83.89.

Walmart 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.