Avestar Capital LLC boosted its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,372 shares of the retailer’s stock after buying an additional 1,514 shares during the period. Avestar Capital LLC’s holdings in Walmart were worth $2,372,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. EntryPoint Capital LLC purchased a new position in Walmart during the 1st quarter worth $25,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the third quarter worth about $26,000. TruNorth Capital Management LLC raised its holdings in 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 purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in Walmart in the second quarter valued at about $29,000. Finally, Kozak & Associates Inc. boosted its holdings in Walmart by 216.4% in the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after purchasing an additional 344 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.
Walmart Price Performance
Shares of NYSE:WMT opened at $89.47 on Tuesday. The stock has a market cap of $719.18 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 4.29 and a beta of 0.51. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $90.95. The stock’s 50 day moving average price is $82.29 and its 200 day moving average price is $74.14.
Insider Transactions at Walmart
In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares in the company, valued at $29,765,104.20. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 over the last three months. Company insiders own 45.58% of the company’s stock.
Analyst Upgrades and Downgrades
WMT has been the subject of several recent research reports. Telsey Advisory Group raised their target price on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. The Goldman Sachs Group raised their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. DA Davidson upped their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Melius Research began coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. Finally, Truist Financial increased their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $91.88.
View Our Latest Research Report on Walmart
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.
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