AA Financial Advisors LLC Has $956,000 Position in Walmart Inc. (NYSE:WMT)

AA Financial Advisors LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 13.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,833 shares of the retailer’s stock after buying an additional 1,433 shares during the quarter. AA Financial Advisors LLC’s holdings in Walmart were worth $956,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. Investment Advisory Group LLC boosted its holdings in shares of Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after acquiring an additional 126 shares during the period. Professional Financial Advisors LLC boosted its stake in Walmart by 0.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after purchasing an additional 137 shares during the period. Inspire Advisors LLC grew its holdings in Walmart by 2.1% in the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after buying an additional 137 shares in the last quarter. Trust Co of the South increased its position in Walmart by 0.5% during the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after buying an additional 138 shares during the period. Finally, LVZ Inc. increased its position in Walmart by 1.9% during the 2nd quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock worth $530,000 after buying an additional 143 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,337 shares of company stock valued at $958,267,901. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.5 %

NYSE:WMT opened at $81.31 on Friday. Walmart Inc. has a one year low of $49.85 and a one year high of $81.82. 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 company has a market cap of $653.59 billion, a PE ratio of 42.28, a P/E/G ratio of 4.07 and a beta of 0.51. The firm’s 50 day simple moving average is $77.90 and its 200 day simple moving average is $69.61.

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

Analyst Upgrades and Downgrades

WMT has been the topic of several research reports. Citigroup upped their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Telsey Advisory Group increased 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. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and lifted their price target for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Stifel Nicolaus increased their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Finally, Roth Mkm lifted their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Buy” and a consensus price target 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.