Alta Wealth Advisors LLC Grows Stock Position in Walmart Inc. (NYSE:WMT)

Alta Wealth Advisors LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 10.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,602 shares of the retailer’s stock after purchasing an additional 1,339 shares during the period. Alta Wealth Advisors LLC’s holdings in Walmart were worth $1,179,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. AHL Investment Management Inc. increased its holdings in Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after purchasing an additional 15,785 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in shares of Walmart in the first quarter worth $270,000. Commerce Bank raised its holdings in Walmart by 189.4% in the first 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 in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake 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 last quarter. Finally, Private Advisor Group LLC grew its holdings in Walmart by 189.4% during the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after acquiring an additional 421,366 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was 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 of the company’s stock, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at approximately $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 accessible through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred 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 sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,267,901. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Royal Bank of Canada increased their target price on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group lifted their price target on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. One investment 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 company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $82.96.

Walmart Stock Up 0.5 %

Shares of NYSE:WMT opened at $81.31 on Friday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.82. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a market cap of $653.59 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. The firm has a 50 day simple moving average of $77.90 and a 200 day simple moving average of $69.61.

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