Apella Capital LLC Purchases 358 Shares of Walmart Inc. (NYSE:WMT)

Apella Capital LLC increased its position in Walmart Inc. (NYSE:WMT) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,548 shares of the retailer’s stock after buying an additional 358 shares during the quarter. Apella Capital LLC’s holdings in Walmart were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WMT. AHL Investment Management Inc. boosted its stake in shares of Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares in the last quarter. Core Wealth Advisors Inc. increased its holdings in shares of Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after buying an additional 420 shares during the period. Liberty Wealth Management LLC bought a new stake in shares of Walmart in the 1st quarter valued at about $270,000. Commerce Bank lifted its stake in shares of Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after acquiring an additional 200,947 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the transaction, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,670 shares of company stock worth $958,267,937 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. The Goldman Sachs Group lifted their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Stifel Nicolaus lifted their target price on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Barclays increased their price target on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Roth Mkm boosted their price objective on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Robert W. Baird upped their price objective on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $81.62.

Walmart Stock Up 0.6 %

NYSE:WMT traded up $0.51 during mid-day trading on Friday, hitting $80.94. 11,591,388 shares of the company’s stock were exchanged, compared to its average volume of 17,396,678. The company has a market cap of $650.62 billion, a PE ratio of 34.64, a P/E/G ratio of 4.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a one year low of $49.85 and a one year high of $81.60. The business has a fifty day moving average price of $75.48 and a 200 day moving average price of $68.16.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts predict that Walmart Inc. will post 2.44 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.