Walmart Inc. (NYSE:WMT) Stake Raised by LJI Wealth Management LLC

LJI Wealth Management LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,095 shares of the retailer’s stock after purchasing an additional 359 shares during the period. LJI Wealth Management LLC’s holdings in Walmart were worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Investment Advisory Group LLC boosted its stake in Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after acquiring an additional 126 shares during the last quarter. Jag Capital Management LLC raised its holdings in Walmart by 1.4% in the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock worth $760,000 after purchasing an additional 132 shares during the period. Professional Financial Advisors LLC boosted its position in shares of Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after purchasing an additional 137 shares in the last quarter. Inspire Advisors LLC grew its holdings in shares of Walmart by 2.1% in the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after buying an additional 137 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Walmart by 2.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock valued at $564,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction 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 in the company, valued at $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of several recent analyst reports. DA Davidson lifted their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Melius Research started coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Finally, Jefferies Financial Group raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $85.18.

Walmart Stock Performance

Shares of WMT stock traded down $0.22 during trading on Friday, reaching $84.25. 17,370,602 shares of the company’s stock were exchanged, compared to its average volume of 12,192,850. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.79. The firm’s fifty day moving average price is $81.29 and its 200-day moving average price is $72.78. 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 stock has a market capitalization of $677.22 billion, a PE ratio of 43.81, a PEG ratio of 4.22 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current 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.