Brendel Financial Advisors LLC Buys 602 Shares of Walmart Inc. (NYSE:WMT)

Brendel Financial Advisors LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 1.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 59,054 shares of the retailer’s stock after buying an additional 602 shares during the period. Walmart makes up 2.7% of Brendel Financial Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Brendel Financial Advisors LLC’s holdings in Walmart were worth $4,769,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. EntryPoint Capital LLC acquired a new stake in Walmart during the 1st quarter valued at $25,000. Northwest Capital Management Inc raised its holdings in 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 purchasing an additional 293 shares during the last quarter. TruNorth Capital Management LLC lifted its position in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new position in shares of Walmart in the 2nd quarter valued at about $29,000. Finally, Able Wealth Management LLC acquired a new stake in shares of Walmart during the 4th quarter worth approximately $30,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.8 %

Shares of Walmart stock traded down $0.63 during trading hours on Thursday, reaching $79.77. 2,930,596 shares of the company’s stock were exchanged, compared to its average volume of 17,283,553. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $76.12 and a two-hundred day moving average of $68.61. The stock has a market cap of $641.63 billion, a P/E ratio of 34.10, a P/E/G ratio of 4.05 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.60.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WMT. KeyCorp increased their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Roth Mkm raised their price target on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Guggenheim upped their price objective on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. DA Davidson raised 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. Finally, Robert W. Baird increased their price target on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $81.96.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the sale, the executive vice president now owns 606,165 shares in the company, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the sale, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,337,670 shares of company stock valued at $958,267,937. 45.58% of the stock is owned by corporate insiders.

Walmart Company 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.