Darwin Wealth Management LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

Darwin Wealth Management LLC purchased a new position in Walmart Inc. (NYSE:WMT - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,933 shares of the retailer's stock, valued at approximately $2,740,000.

A number of other large investors have also recently modified their holdings of WMT. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $25,000. Peterson Financial Group Inc. purchased a new position in Walmart in the 3rd quarter valued at $26,000. TruNorth Capital Management LLC grew its stake in shares of 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 purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in shares of Walmart in the 2nd quarter worth about $29,000. Finally, FSA Wealth Management LLC boosted its stake in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer's stock valued at $32,000 after acquiring an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

WMT stock traded up $0.58 during midday trading on Wednesday, hitting $87.18. 17,348,499 shares of the stock were exchanged, compared to its average volume of 16,843,436. The stock's 50-day moving average price is $81.58 and its 200-day moving average price is $73.34. The stock has a market cap of $700.77 billion, a price-to-earnings ratio of 45.05, a PEG ratio of 4.19 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $88.29. 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 (NYSE:WMT - Get Free Report) last announced 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The firm's revenue was up 5.5% on a year-over-year basis. Research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. Sanford C. Bernstein lifted their price target on Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a report on Wednesday. Redburn Atlantic raised Walmart to a "strong-buy" rating in a research report on Monday, September 23rd. Stifel Nicolaus raised their price objective on shares of Walmart from $85.00 to $89.00 and gave the company a "hold" rating in a research report on Wednesday. Barclays boosted their price target on shares of Walmart from $66.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Finally, StockNews.com upgraded shares of Walmart from a "buy" rating to a "strong-buy" rating in a report on Friday, August 16th. One 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 stock. According to data from MarketBeat, Walmart presently has an average rating of "Buy" and an average price target of $91.51.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on 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 in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The sale 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 firm's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction 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. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Insiders own 45.58% of the company's stock.

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.