Walmart Inc. (NYSE:WMT) is Gilliland Jeter Wealth Management LLC’s 3rd Largest Position

Gilliland Jeter Wealth Management LLC raised its position in Walmart Inc. (NYSE:WMT) by 0.3% during the third quarter, HoldingsChannel reports. The firm owned 123,823 shares of the retailer’s stock after purchasing an additional 310 shares during the period. Walmart comprises 3.2% of Gilliland Jeter Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Gilliland Jeter Wealth Management LLC’s holdings in Walmart were worth $9,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Vanguard Group Inc. increased its holdings in shares of Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares during the last quarter. Swiss National Bank raised its holdings in shares of Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after acquiring an additional 8,674,100 shares during the period. Canada Pension Plan Investment Board increased its position in Walmart by 284.0% during the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after purchasing an additional 8,225,552 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Walmart by 184.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after buying an additional 8,144,393 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WMT. UBS Group upped their price objective on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 11th. Jefferies Financial Group upped their price target on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $89.00 in a research report on Tuesday, September 24th. Royal Bank of Canada upped their target price on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company increased their target price on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. One equities 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. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $82.96.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 457,493 shares in the company, valued at $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 SEC, which is available at this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction that occurred on 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 owns 457,493 shares in the company, valued at $36,915,110.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,267,901 over the last 90 days. 45.58% of the stock is owned by insiders.

Walmart Price Performance

Walmart stock opened at $81.31 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $77.90 and a 200-day simple moving average of $69.68. The stock has a market cap of $653.59 billion, a P/E ratio of 42.28, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.82.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company 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%. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. Equities analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal 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.