Buck Wealth Strategies LLC Has $7.74 Million Stake in Walmart Inc. (NYSE:WMT)

Buck Wealth Strategies LLC decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 12.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,882 shares of the retailer's stock after selling 14,003 shares during the period. Walmart comprises approximately 2.4% of Buck Wealth Strategies LLC's holdings, making the stock its 14th largest holding. Buck Wealth Strategies LLC's holdings in Walmart were worth $7,742,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. WFA Asset Management Corp raised its stake in Walmart by 201.0% during the 1st 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 period. Dupont Capital Management Corp grew its holdings in Walmart by 165.4% during the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer's stock worth $16,255,000 after purchasing an additional 168,346 shares during the period. Empowered Funds LLC grew its holdings in Walmart by 307.1% during the first quarter. Empowered Funds LLC now owns 160,292 shares of the retailer's stock worth $9,645,000 after purchasing an additional 120,919 shares during the period. Facet Wealth Inc. boosted its holdings in shares of Walmart by 185.7% during the first quarter. Facet Wealth Inc. now owns 4,160 shares of the retailer's stock worth $249,000 after acquiring an additional 2,704 shares during the period. Finally, River Global Investors LLP boosted its holdings in shares of Walmart by 196.6% during the first quarter. River Global Investors LLP now owns 23,169 shares of the retailer's stock worth $1,394,000 after acquiring an additional 15,357 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WMT shares. Stifel Nicolaus boosted their price target on Walmart from $71.00 to $73.00 and gave the company a "hold" rating in a research note on Tuesday, August 13th. Morgan Stanley increased their price target on Walmart from $82.00 to $89.00 and gave the company an "overweight" rating in a research note on Tuesday. The Goldman Sachs Group increased their price objective on Walmart from $73.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 16th. Melius Research assumed coverage on Walmart in a report on Monday, September 23rd. They set a "buy" rating and a $95.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Walmart from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Walmart has a consensus rating of "Buy" and an average price target of $84.15.

Insider Activity

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the transaction, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now owns 593,040 shares of the company's stock, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the sale, the executive vice president now directly owns 384,165 shares in the company, valued at $29,765,104.20. The trade was a 0.00 % 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 valued at $958,823,647. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of NYSE WMT traded up $0.55 during trading on Wednesday, hitting $85.54. 5,030,810 shares of the company were exchanged, compared to its average volume of 16,677,773. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.63. 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 firm's fifty day moving average price is $80.82 and its 200 day moving average price is $72.44. The company has a market cap of $687.59 billion, a price-to-earnings ratio of 44.35, a PEG ratio of 4.25 and a beta of 0.51.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating 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 net margin of 2.34% and a return on equity of 21.72%. The company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 EPS. On average, sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share 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.