Walmart Inc. (NYSE:WMT) Shares Acquired by Beaird Harris Wealth Management LLC

Beaird Harris Wealth Management LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 56.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,278 shares of the retailer’s stock after buying an additional 1,552 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Walmart were worth $345,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in shares of Walmart in the 3rd quarter valued at approximately $26,000. Voisard Asset Management Group Inc. raised its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP acquired a new position in Walmart during the third quarter worth $33,000. Cultivar Capital Inc. purchased a new position in shares of Walmart during the second quarter worth $29,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the third quarter valued at $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $94.12 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a one year low of $50.21 and a one year high of $96.18. The company has a 50-day simple moving average of $85.83 and a 200-day simple moving average of $76.74. The stock has a market capitalization of $756.10 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 4.51 and a beta of 0.54.

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

Insider Activity at Walmart

In related news, major shareholder S Robson Walton sold 1,804,000 shares of Walmart stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $79.18, for a total value of $142,840,720.00. Following the sale, the insider now directly owns 605,979,318 shares in the company, valued at $47,981,442,399.24. The trade was a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the sale, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,309,091 shares of company stock worth $183,375,539 in the last three months. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WMT shares. Royal Bank of Canada raised their target price on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Citigroup lifted their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Bank of America increased their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.40.

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.