Pure Financial Advisors LLC Purchases 4,174 Shares of Walmart Inc. (NYSE:WMT)

Pure Financial Advisors LLC increased its position in Walmart Inc. (NYSE:WMT) by 17.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,869 shares of the retailer’s stock after purchasing an additional 4,174 shares during the quarter. Pure Financial Advisors LLC’s holdings in Walmart were worth $2,250,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Investment Advisory Group LLC increased its stake in Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after acquiring an additional 126 shares during the period. Professional Financial Advisors LLC boosted its holdings in Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after purchasing an additional 137 shares in the last quarter. Inspire Advisors LLC grew its stake in shares of Walmart by 2.1% in the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after purchasing an additional 137 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of Walmart by 2.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock worth $564,000 after buying an additional 137 shares in the last quarter. Finally, Trust Co of the South lifted its position in shares of Walmart by 0.5% during the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WMT shares. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Robert W. Baird upped their target price on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 target price on shares of Walmart in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Oppenheimer upped their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. One equities 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 stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $83.89.

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated 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 approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other 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 transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 12,334,337 shares of company stock worth $958,577,287 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.3 %

NYSE:WMT opened at $82.19 on Friday. The firm has a market capitalization of $660.66 billion, a price-to-earnings ratio of 42.81, 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 business’s 50-day moving average price is $79.80 and its two-hundred day moving average price is $71.17. 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 released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $0.61 EPS. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Walmart Inc. will post 2.44 earnings per share 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.