Paladin Wealth LLC Invests $1.05 Million in Walmart Inc. (NYSE:WMT)

Paladin Wealth LLC acquired a new stake in Walmart Inc. (NYSE:WMT) during the third quarter, Holdings Channel.com reports. The firm acquired 13,044 shares of the retailer’s stock, valued at approximately $1,053,000.

A number of other institutional investors have also made changes to their positions in the stock. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the 1st quarter worth approximately $25,000. Northwest Capital Management Inc lifted its position in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the period. TruNorth Capital Management LLC lifted its position 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 buying an additional 249 shares during the period. Cultivar Capital Inc. bought a new position in shares of Walmart during the 2nd quarter worth approximately $29,000. Finally, Able Wealth Management LLC bought a new position in shares of Walmart during the 4th quarter worth approximately $30,000. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,335,272 shares of company stock valued at $958,101,276 over the last three months. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on WMT. Telsey Advisory Group raised their target price on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Robert W. Baird lifted their price objective on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. TD Cowen lifted their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Evercore ISI lifted their price objective on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One equities research 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $82.96.

Walmart Stock Up 0.1 %

NYSE:WMT opened at $80.15 on Monday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.60. 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 stock has a market cap of $644.69 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 3.99 and a beta of 0.51. The stock has a 50-day moving average price of $76.55 and a two-hundred day moving average price of $68.93.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts expect that Walmart Inc. will post 2.44 earnings per share for the current 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.