Guardian Wealth Advisors LLC Raises Position in Walmart Inc. (NYSE:WMT)

Guardian Wealth Advisors LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 4.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,860 shares of the retailer’s stock after buying an additional 155 shares during the period. Guardian Wealth Advisors LLC’s holdings in Walmart were worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC purchased a new position in shares of Walmart in the first quarter worth about $25,000. Peterson Financial Group Inc. purchased a new position in Walmart in the 3rd quarter worth approximately $26,000. TruNorth Capital Management LLC boosted its holdings in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart in the second quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC lifted its position in Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the 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 directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. 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 90 days. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of recent research reports. Wells Fargo & Company raised their target price on Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. TD Cowen boosted their target price on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Royal Bank of Canada increased their price objective on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Roth Mkm lifted their target price on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $86.71.

Walmart Stock Performance

NYSE:WMT opened at $84.09 on Tuesday. The business’s fifty day moving average price is $81.43 and its 200 day moving average price is $73.15. The firm has a market capitalization of $675.94 billion, a PE ratio of 43.80, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

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.