Walmart Inc. (NYSE:WMT) Shares Bought by Continuum Advisory LLC

Continuum Advisory LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,179 shares of the retailer’s stock after purchasing an additional 1,611 shares during the period. Continuum Advisory LLC’s holdings in Walmart were worth $3,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter valued at approximately $26,000. TruNorth Capital Management LLC increased its position in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in Walmart in the 2nd quarter worth $29,000. Voisard Asset Management Group Inc. lifted its position in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the period. Finally, Hoese & Co LLP purchased a new stake in Walmart during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder S Robson Walton sold 1,804,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $79.18, for a total value of $142,840,720.00. Following the completion of the sale, the insider now owns 605,979,318 shares in the company, valued at $47,981,442,399.24. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,243,091 shares of company stock valued at $257,591,179. 45.58% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WMT shares. JPMorgan Chase & Co. lifted their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Guggenheim upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. The Goldman Sachs Group raised their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. UBS Group upped their price target on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their price objective on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.11.

Walmart Trading Up 0.4 %

Shares of WMT opened at $95.70 on Monday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $96.18. The firm has a market capitalization of $769.26 billion, a P/E ratio of 39.27, a P/E/G ratio of 4.54 and a beta of 0.54. The firm has a 50-day moving average price of $84.74 and a 200 day moving average price of $76.08. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56.

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

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.