5,916 Shares in Walmart Inc. (NYSE:WMT) Acquired by Retirement Investment Advisors Inc.

Retirement Investment Advisors Inc. bought a new position in Walmart Inc. (NYSE:WMT) in the third quarter, according to its most recent filing with the SEC. The firm bought 5,916 shares of the retailer’s stock, valued at approximately $478,000.

A number of other institutional investors also recently bought and sold shares of WMT. Reynders McVeigh Capital Management LLC raised its position in Walmart by 1.5% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 14,004 shares of the retailer’s stock worth $1,131,000 after buying an additional 206 shares during the last quarter. Pinnacle Family Advisors LLC raised its position in Walmart by 17.4% during the 3rd quarter. Pinnacle Family Advisors LLC now owns 5,434 shares of the retailer’s stock worth $439,000 after buying an additional 804 shares during the last quarter. Polar Asset Management Partners Inc. raised its position in Walmart by 8.1% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 143,200 shares of the retailer’s stock worth $11,563,000 after buying an additional 10,700 shares during the last quarter. Polymer Capital Management HK LTD purchased a new position in Walmart during the 3rd quarter worth approximately $787,000. Finally, Mission Creek Capital Partners Inc. raised its position in Walmart by 1.6% during the 3rd quarter. Mission Creek Capital Partners Inc. now owns 35,280 shares of the retailer’s stock worth $2,849,000 after buying an additional 558 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Royal Bank of Canada lifted their target price on shares of Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Citigroup lifted their target price on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. BMO Capital Markets lifted their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Truist Financial lifted their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $92.11.

Insider Activity

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated 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 directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,300,460 shares of company stock valued at $570,820,065. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 1.0 %

Shares of WMT stock opened at $94.45 on Thursday. The company’s 50-day moving average price is $84.11 and its 200-day moving average price is $75.57. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. The stock has a market cap of $759.21 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 4.44 and a beta of 0.54. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $94.51.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. As a group, equities analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

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.