Retirement Guys Formula LLC Buys 1,136 Shares of Walmart Inc. (NYSE:WMT)

Retirement Guys Formula LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,928 shares of the retailer’s stock after purchasing an additional 1,136 shares during the period. Walmart accounts for approximately 1.1% of Retirement Guys Formula LLC’s holdings, making the stock its 18th biggest position. Retirement Guys Formula LLC’s holdings in Walmart were worth $2,417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. EntryPoint Capital LLC bought a new stake in Walmart in the first quarter worth about $25,000. TruNorth Capital Management LLC lifted its stake 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 acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in Walmart during the 2nd quarter valued at $29,000. FSA Wealth Management LLC grew its position in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. increased its stake in Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after purchasing an additional 344 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the transaction, the executive vice president now owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the sale, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,267,901 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.6 %

Walmart stock opened at $80.81 on Tuesday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.82. The business has a fifty day moving average price of $78.14 and a 200-day moving average price of $69.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a market capitalization of $650.00 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 4.07 and a beta of 0.51.

Walmart (NYSE:WMT) last issued 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 business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group boosted their target price on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Citigroup boosted their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Telsey Advisory Group raised their target price on shares of 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 boosted their price target on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Barclays increased their price objective on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walmart has an average rating of “Buy” and an average target price of $82.96.

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.