Harbor Investment Advisory LLC Has $3.88 Million Stake in Walmart Inc. (NYSE:WMT)

Harbor Investment Advisory LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,097 shares of the retailer’s stock after purchasing an additional 1,507 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Walmart were worth $3,884,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Central Valley Advisors LLC grew its stake in shares of Walmart by 0.9% in the 3rd quarter. Central Valley Advisors LLC now owns 38,891 shares of the retailer’s stock worth $3,141,000 after acquiring an additional 348 shares in the last quarter. Great Waters Wealth Management lifted its stake in Walmart by 3.5% in the third quarter. Great Waters Wealth Management now owns 4,382 shares of the retailer’s stock valued at $354,000 after purchasing an additional 150 shares during the last quarter. Lwmg LLC increased its holdings in Walmart by 3.7% in the 3rd quarter. Lwmg LLC now owns 7,754 shares of the retailer’s stock worth $626,000 after acquiring an additional 278 shares during the last quarter. Triton Wealth Management PLLC lifted its stake in shares of Walmart by 5.9% during the 3rd quarter. Triton Wealth Management PLLC now owns 25,626 shares of the retailer’s stock valued at $2,085,000 after buying an additional 1,423 shares in the last quarter. Finally, LifePlan Financial LLC lifted its position in shares of Walmart by 7.1% during the third quarter. LifePlan Financial LLC now owns 6,068 shares of the retailer’s stock worth $490,000 after acquiring an additional 402 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 0.6 %

Shares of Walmart stock traded up $0.51 on Friday, hitting $80.94. The company had a trading volume of 11,591,388 shares, compared to its average volume of 17,396,678. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a market capitalization of $650.62 billion, a P/E ratio of 34.64, a P/E/G ratio of 4.03 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.60. The stock has a 50-day moving average of $75.48 and a 200-day moving average of $68.16.

Walmart (NYSE:WMT) last posted its 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 return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the transaction, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the sale, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. This represents a 0.00 % decrease in their ownership of the stock. 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 firm’s stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,670 shares of company stock valued at $958,267,937 in the last ninety days. 45.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Melius Research began coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. Morgan Stanley raised their price target on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. TD Cowen increased their price target on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company boosted their target price on shares of Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $81.62.

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.