Walmart Inc. (NYSE:WMT) Shares Bought by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,827 shares of the retailer’s stock after acquiring an additional 334 shares during the period. Walmart makes up approximately 1.0% of Peddock Capital Advisors LLC’s investment portfolio, making the stock its 21st largest position. Peddock Capital Advisors LLC’s holdings in Walmart were worth $4,104,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WMT. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the 1st quarter worth approximately $25,000. Northwest Capital Management Inc increased its holdings in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the last quarter. TruNorth Capital Management LLC boosted its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in shares of Walmart during the 2nd quarter worth approximately $29,000. Finally, Able Wealth Management LLC purchased a new position in shares of Walmart during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research analyst reports. KeyCorp increased their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Guggenheim increased their price objective on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. 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. Jefferies Financial Group increased their price objective on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Stifel Nicolaus raised their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Walmart presently has a consensus rating of “Buy” and an average price target of $81.96.

Walmart Price Performance

Shares of NYSE WMT traded up $0.48 on Wednesday, hitting $80.19. The company’s stock had a trading volume of 2,344,246 shares, compared to its average volume of 17,305,523. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.60. The company has a market capitalization of $644.59 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 4.05 and a beta of 0.51. 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 stock has a 50 day moving average of $75.88 and a 200-day moving average of $68.52.

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

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the sale, the insider now owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the 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 sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,670 shares of company stock valued at $958,267,937 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

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.