Empower Advisory Group LLC lifted its position in Walmart Inc. (NYSE:WMT - Free Report) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,966,753 shares of the retailer's stock after buying an additional 52,897 shares during the quarter. Walmart comprises approximately 0.8% of Empower Advisory Group LLC's holdings, making the stock its 26th biggest position. Empower Advisory Group LLC's holdings in Walmart were worth $239,565,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Voisard Asset Management Group Inc. lifted its holdings 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 acquiring an additional 174 shares during the period. Hoese & Co LLP acquired a new position in shares of Walmart during the 3rd quarter valued at $33,000. EntryPoint Capital LLC bought a new stake in Walmart in the 1st quarter valued at about $25,000. TruNorth Capital Management LLC lifted its holdings in shares of Walmart by 138.3% in 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 in the last quarter. Finally, Cultivar Capital Inc. acquired a new position in shares of Walmart during the second quarter valued at about $29,000. Institutional investors own 26.76% of the company's stock.
Insiders Place Their Bets
In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the 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 completion of 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the sale, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Insiders own 45.58% of the company's stock.
Walmart Stock Up 0.7 %
WMT traded up $0.59 during midday trading on Wednesday, hitting $85.58. 6,189,144 shares of the company's stock traded hands, compared to its average volume of 16,683,039. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a one year low of $49.85 and a one year high of $85.78. The stock's fifty day simple moving average is $80.82 and its 200-day simple moving average is $72.44. The company has a market cap of $687.91 billion, a PE ratio of 44.35, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51.
Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The business's revenue was up 4.7% on a year-over-year basis. As a group, equities analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on WMT. Oppenheimer increased their target price on shares of Walmart from $81.00 to $90.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Jefferies Financial Group lifted their target price on shares of Walmart from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, September 4th. Citigroup raised their price objective on Walmart from $75.00 to $98.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Truist Financial upgraded shares of Walmart from a "hold" rating to a "buy" rating and boosted their price objective for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Finally, The Goldman Sachs Group raised their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $84.15.
Check Out Our Latest Research Report on Walmart
About Walmart
(
Free Report)
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.
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