Walmart Inc. (NYSE:WMT) Shares Purchased by ROI Financial Advisors LLC

ROI Financial Advisors LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 12.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,026 shares of the retailer’s stock after buying an additional 4,314 shares during the quarter. Walmart accounts for about 2.2% of ROI Financial Advisors LLC’s holdings, making the stock its 16th biggest holding. ROI Financial Advisors LLC’s holdings in Walmart were worth $3,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Oxbow Advisors LLC increased its stake in Walmart by 45.0% during the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after buying an additional 8,834 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Walmart by 21.9% in the third quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock valued at $47,400,000 after purchasing an additional 105,430 shares during the period. Whalerock Point Partners LLC grew its stake in Walmart by 213.5% during the 1st quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock worth $1,782,000 after purchasing an additional 20,167 shares in the last quarter. WFA Asset Management Corp increased its holdings in Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after purchasing an additional 1,397 shares during the period. Finally, Principal Financial Group Inc. raised its position in Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after purchasing an additional 809,352 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of Walmart stock opened at $85.54 on Thursday. The stock has a market capitalization of $687.59 billion, a P/E ratio of 44.47, a PEG ratio of 4.25 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 business’s fifty day moving average price is $80.82 and its 200 day moving average price is $72.44. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.79.

Walmart (NYSE:WMT) last posted its 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 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%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. As a group, research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on WMT. Sanford C. Bernstein began coverage on shares of Walmart in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 target price on the stock. KeyCorp raised their price target on Walmart from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Barclays lifted their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. upped their target price on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $84.84.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now owns 384,165 shares in the company, valued at approximately $29,765,104.20. 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 can be accessed through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 over the last ninety days. 45.58% of the stock is owned by company insiders.

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.