Walmart Inc. (NYSE:WMT) Shares Bought by King Wealth Management Group

King Wealth Management Group lifted its position in shares of Walmart Inc. (NYSE:WMT) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,390 shares of the retailer’s stock after acquiring an additional 804 shares during the quarter. Walmart accounts for approximately 1.5% of King Wealth Management Group’s investment portfolio, making the stock its 20th biggest holding. King Wealth Management Group’s holdings in Walmart were worth $9,722,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of WMT. Voisard Asset Management Group Inc. raised its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP purchased a new position in Walmart in the 3rd quarter valued at about $33,000. EntryPoint Capital LLC purchased a new position in Walmart in the 1st quarter valued at about $25,000. TruNorth Capital Management LLC increased its stake in 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 buying an additional 249 shares in the last quarter. Finally, Cultivar Capital Inc. acquired a new position in shares of Walmart during the second quarter valued at approximately $29,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Down 1.2 %

Walmart stock opened at $84.47 on Friday. The company has a market capitalization of $678.99 billion, a P/E ratio of 43.92, a PEG ratio of 4.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.79. The stock has a 50-day simple moving average of $80.99 and a 200-day simple moving average of $72.53.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating 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 period in the prior year, the company earned $0.61 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Melius Research began coverage on Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 target price on shares of Walmart in a report on Wednesday. DA Davidson boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. TD Cowen upped their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Robert W. Baird increased their price target 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 assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has an average rating of “Buy” and a consensus price target of $84.84.

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.