Opes Wealth Management LLC Has $228,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Opes Wealth Management LLC lowered its stake in Walmart Inc. (NYSE:WMT) by 14.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,820 shares of the retailer’s stock after selling 492 shares during the period. Opes Wealth Management LLC’s holdings in Walmart were worth $228,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Legal & General Group Plc raised its holdings in Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after acquiring an additional 644,353 shares in the last quarter. Raymond James & Associates lifted its position in shares of Walmart by 3.0% during the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock valued at $1,353,881,000 after acquiring an additional 484,196 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock valued at $1,095,946,000 after purchasing an additional 834,005 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 0.3 %

WMT opened at $82.19 on Monday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $83.34. The company has a market cap of $660.66 billion, a PE ratio of 42.81, a price-to-earnings-growth ratio of 4.10 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. The company has a 50 day moving average of $79.80 and a 200 day moving average of $71.25.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the transaction, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the sale, the executive vice president now owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,334,337 shares of company stock worth $958,577,287. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WMT. The Goldman Sachs Group boosted their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 target price (up from $81.00) on shares of Walmart in a report on Friday, August 16th. KeyCorp raised their price objective on Walmart from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Stifel Nicolaus increased their target price on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research report on Friday, August 16th. One 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 company’s stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and an average target price of $83.89.

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.