PFG Investments LLC Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

PFG Investments LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 0.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,593 shares of the retailer’s stock after purchasing an additional 808 shares during the period. PFG Investments LLC’s holdings in Walmart were worth $8,365,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Liberty Wealth Management LLC purchased a new stake in Walmart during the first quarter valued at about $270,000. Commerce Bank increased its holdings in shares of Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after buying an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after buying an additional 200,947 shares during the period. Private Advisor Group LLC increased its holdings in shares of Walmart by 189.4% in the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after buying an additional 421,366 shares during the period. Finally, Sustainable Insight Capital Management LLC purchased a new position in shares of Walmart in the first quarter worth about $723,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on WMT. Jefferies Financial Group lifted their price objective on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Wells Fargo & Company lifted their price objective on Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Sanford C. Bernstein began coverage on Walmart in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 target price on the stock. KeyCorp raised their target price on Walmart from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Finally, StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has an average rating of “Buy” and a consensus target price of $83.51.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,784,857 in the last three months. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $82.51 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average price is $79.09 and its 200-day moving average price is $70.40. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $83.34. The stock has a market cap of $663.67 billion, a P/E ratio of 35.26, a P/E/G ratio of 4.11 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Walmart 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.