Walmart Inc. (NYSE:WMT) Shares Bought by AlphaCore Capital LLC

AlphaCore Capital LLC grew its position in Walmart Inc. (NYSE:WMT) by 4.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,990 shares of the retailer’s stock after purchasing an additional 2,741 shares during the period. Walmart makes up 1.3% of AlphaCore Capital LLC’s holdings, making the stock its 15th largest position. AlphaCore Capital LLC’s holdings in Walmart were worth $5,732,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of WMT. Charles Schwab Investment Management Inc. lifted its stake in Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after acquiring an additional 350,881 shares during the period. Oxbow Advisors LLC boosted its holdings in Walmart by 45.0% in the third quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after purchasing an additional 8,834 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Walmart by 21.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock valued at $47,400,000 after buying an additional 105,430 shares during the last quarter. Whalerock Point Partners LLC lifted its holdings in shares of Walmart by 213.5% in the 1st quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock valued at $1,782,000 after buying an additional 20,167 shares during the period. Finally, WFA Asset Management Corp boosted its stake in shares of Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after buying an additional 1,397 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.3 %

Shares of WMT opened at $88.32 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.22 and a current ratio of 0.85. The stock has a market capitalization of $709.94 billion, a PE ratio of 36.25, a P/E/G ratio of 4.33 and a beta of 0.51. The company’s 50-day simple moving average is $81.92 and its 200-day simple moving average is $73.54. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $88.64.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WMT shares. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a report on Thursday. KeyCorp upped their price objective on shares of Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday. Guggenheim lifted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen boosted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Oppenheimer increased their target price on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $91.49.

About Walmart

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.