Arista Wealth Management LLC Purchases Shares of 7,108 Walmart Inc. (NYSE:WMT)

Arista Wealth Management LLC acquired a new position in Walmart Inc. (NYSE:WMT) during the second quarter, according to its most recent filing with the SEC. The firm acquired 7,108 shares of the retailer’s stock, valued at approximately $481,000.

Several other hedge funds have also recently made changes to their positions in WMT. EntryPoint Capital LLC bought a new stake in shares of Walmart during the 1st quarter valued at about $25,000. Northwest Capital Management Inc boosted its position in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. TruNorth Capital Management LLC grew its stake in Walmart by 138.3% in the second 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. bought a new position in Walmart in the second quarter worth $29,000. Finally, Able Wealth Management LLC purchased a new position in Walmart during the fourth quarter valued at $30,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The disclosure for this sale can be found here. Insiders sold a total of 12,369,039 shares of company stock valued at $959,826,083 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of several research reports. Telsey Advisory Group increased their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Oppenheimer upped their price target on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Truist Financial boosted their target price on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, August 16th. The Goldman Sachs Group raised their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Piper Sandler reissued an “overweight” rating and set a $83.00 price objective (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Walmart Trading Up 1.3 %

Shares of WMT stock opened at $79.06 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.02. The firm has a fifty day moving average price of $73.44 and a 200-day moving average price of $66.78. The company has a market cap of $635.92 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 4.03 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.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping 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 return on equity of 21.72% and a net margin of 2.34%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. As a group, equities analysts predict that Walmart Inc. will post 2.44 earnings per share 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.