Diversified LLC Buys 956 Shares of Walmart Inc. (NYSE:WMT)

Diversified LLC grew its stake in Walmart Inc. (NYSE:WMT) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,210 shares of the retailer’s stock after acquiring an additional 956 shares during the quarter. Diversified LLC’s holdings in Walmart were worth $986,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WMT. EntryPoint Capital LLC bought a new stake in Walmart in the first quarter worth $25,000. Peterson Financial Group Inc. bought a new position in shares of Walmart during the third quarter valued at $26,000. TruNorth Capital Management LLC lifted its holdings in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new position in shares of Walmart during the second quarter valued at $29,000. Finally, FSA Wealth Management LLC lifted its holdings 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 purchasing an additional 377 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Shares of Walmart stock opened at $90.96 on Monday. The stock has a 50 day moving average of $82.12 and a 200 day moving average of $73.94. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $90.96. The firm has a market cap of $731.16 billion, a PE ratio of 37.12, a PEG ratio of 4.29 and a beta of 0.51. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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 analyst estimates of $167.69 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. The trade was a 2.17 % decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research analyst reports. Truist Financial upped their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. upped their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Robert W. Baird upped their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada upped their price objective on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

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.