3,015 Shares in Walmart Inc. (NYSE:WMT) Bought by Wallington Asset Management LLC

Wallington Asset Management LLC bought a new position in Walmart Inc. (NYSE:WMT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,015 shares of the retailer’s stock, valued at approximately $243,000.

Several other hedge funds also recently made changes to their positions in the company. Courier Capital LLC increased its stake in shares of Walmart by 358.1% in the third quarter. Courier Capital LLC now owns 90,403 shares of the retailer’s stock worth $7,300,000 after buying an additional 70,668 shares during the period. Iron Horse Wealth Management LLC increased its position in Walmart by 65.4% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 1,062 shares of the retailer’s stock valued at $86,000 after purchasing an additional 420 shares during the period. Sterling Investment Counsel LLC increased its position in Walmart by 6.9% during the 3rd quarter. Sterling Investment Counsel LLC now owns 32,250 shares of the retailer’s stock valued at $2,604,000 after purchasing an additional 2,068 shares during the period. Litman Gregory Wealth Management LLC purchased a new position in Walmart during the 3rd quarter valued at $204,000. Finally, Altus Wealth Group LLC increased its position in Walmart by 3.4% during the 3rd quarter. Altus Wealth Group LLC now owns 7,068 shares of the retailer’s stock valued at $571,000 after purchasing an additional 235 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on WMT. Royal Bank of Canada boosted their price objective on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Jefferies Financial Group boosted their price objective 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. Guggenheim boosted their price objective on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and boosted their target price for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. Finally, Evercore ISI boosted their target price on shares of Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Buy” and an average price target of $83.51.

Insider Activity

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction 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 $47,245,498,149.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at $26,787,946.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,295,088 shares of company stock valued at $955,284,831 in the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

WMT opened at $83.26 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a market capitalization of $669.26 billion, a P/E ratio of 43.29, a P/E/G ratio of 4.11 and a beta of 0.51. The company’s 50-day simple moving average is $78.71 and its two-hundred day simple moving average is $70.08. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

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.