6,698 Shares in Walmart Inc. (NYSE:WMT) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,698 shares of the retailer's stock, valued at approximately $541,000.

Several other hedge funds have also recently bought and sold shares of the stock. Peterson Financial Group Inc. bought a new position in Walmart during the third quarter worth about $26,000. Voisard Asset Management Group Inc. grew its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Walmart during the third quarter worth approximately $33,000. Cultivar Capital Inc. acquired a new stake in shares of Walmart in the second quarter valued at approximately $29,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the third quarter valued at approximately $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Up 0.7 %

NYSE WMT traded up $0.63 on Monday, reaching $94.88. The company had a trading volume of 16,732,576 shares, compared to its average volume of 16,889,904. The firm has a market cap of $762.21 billion, a price-to-earnings ratio of 38.79, a P/E/G ratio of 4.47 and a beta of 0.54. Walmart Inc. has a fifty-two week low of $51.04 and a fifty-two week high of $96.18. The business has a 50 day moving average of $86.10 and a two-hundred day moving average of $77.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the company earned $0.51 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WMT shares. TD Cowen raised their price objective on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Morgan Stanley increased their target price on Walmart from $89.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Redburn Atlantic raised Walmart to a "strong-buy" rating in a research note on Monday, September 23rd. Piper Sandler increased their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. Finally, UBS Group boosted their target price on shares of Walmart from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Two 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $93.33.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total transaction of $277,410.00. Following the transaction, the executive vice president now directly owns 375,165 shares in the company, valued at approximately $34,691,507.55. This represents a 0.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder S Robson Walton sold 1,804,000 shares of Walmart stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $79.18, for a total transaction of $142,840,720.00. Following the completion of the sale, the insider now owns 605,979,318 shares of the company's stock, valued at $47,981,442,399.24. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,307,028 shares of company stock valued at $183,208,931. 45.58% of the stock is currently owned by insiders.

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.