Kestra Investment Management LLC Makes New $807,000 Investment in Walmart Inc. (NYSE:WMT)

Kestra Investment Management LLC purchased a new position in Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,993 shares of the retailer’s stock, valued at approximately $807,000.

Other hedge funds also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in Walmart during the 3rd quarter worth approximately $26,000. TruNorth Capital Management LLC raised its holdings 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 period. Cultivar Capital Inc. bought a new stake in Walmart in the 2nd quarter valued at $29,000. Voisard Asset Management Group Inc. increased its holdings 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 purchasing an additional 174 shares in the last quarter. Finally, Hoese & Co LLP bought a new position in Walmart during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the sale, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,385,186 shares of company stock valued at $963,206,365. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Sanford C. Bernstein upped their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Wells Fargo & Company upped their price target on Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley increased their target price on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, TD Cowen raised their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $91.88.

Walmart Stock Performance

Shares of NYSE WMT opened at $92.50 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market cap of $743.54 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 4.39 and a beta of 0.54. The stock’s fifty day moving average price is $83.35 and its two-hundred day moving average price is $75.04. Walmart Inc. has a one year low of $49.85 and a one year high of $92.64.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the company posted $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that Walmart Inc. will post 2.47 EPS 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.