Royal Capital Wealth Management LLC Increases Holdings in Walmart Inc. (NYSE:WMT)

Royal Capital Wealth Management LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 48.3% in the third quarter, HoldingsChannel.com reports. The fund owned 15,637 shares of the retailer’s stock after buying an additional 5,090 shares during the quarter. Walmart comprises 0.9% of Royal Capital Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Royal Capital Wealth Management LLC’s holdings in Walmart were worth $1,263,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WMT. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter worth approximately $26,000. TruNorth Capital Management LLC boosted its position in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in Walmart during the second quarter valued at $29,000. Voisard Asset Management Group Inc. increased its holdings in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Finally, Hoese & Co LLP purchased a new stake in Walmart in the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the sale, the executive vice president now directly owns 579,915 shares of the company’s stock, valued at $53,352,180. The trade was a 2.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,385,186 shares of company stock worth $963,206,365. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WMT shares. Barclays raised their price objective on Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. UBS Group increased their target price on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Truist Financial boosted their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.88.

Walmart Trading Up 0.7 %

NYSE:WMT opened at $92.50 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a 50-day simple moving average of $83.35 and a 200-day simple moving average of $74.93. Walmart Inc. has a one year low of $49.85 and a one year high of $92.64. The firm has a market cap of $743.54 billion, a P/E ratio of 37.96, a P/E/G ratio of 4.39 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. Equities analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

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.