Triton Wealth Management PLLC Has $2.09 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Triton Wealth Management PLLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,626 shares of the retailer’s stock after purchasing an additional 1,423 shares during the quarter. Walmart comprises about 1.2% of Triton Wealth Management PLLC’s investment portfolio, making the stock its 14th biggest position. Triton Wealth Management PLLC’s holdings in Walmart were worth $2,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WMT. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the first quarter valued at about $25,000. Northwest Capital Management Inc lifted its holdings in shares of Walmart by 199.3% during the first 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% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. bought a new position in Walmart during the second quarter worth $29,000. Finally, Able Wealth Management LLC acquired a new position in Walmart during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Up 0.6 %

Shares of NYSE WMT traded up $0.51 during mid-day trading on Friday, hitting $80.94. The company’s stock had a trading volume of 11,591,388 shares, compared to its average volume of 17,396,678. Walmart Inc. has a one year low of $49.85 and a one year high of $81.60. The stock has a market cap of $650.62 billion, a price-to-earnings ratio of 34.64, a price-to-earnings-growth 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. The company’s fifty day simple moving average is $75.48 and its 200-day simple moving average is $68.16.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping 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 business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the company earned $0.61 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research reports. Stifel Nicolaus boosted their price objective on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Barclays upped their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. JPMorgan Chase & Co. upped their target price on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Walmart currently has an average rating of “Buy” and a consensus target price of $81.62.

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 that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents 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 worth $958,267,937 in the last ninety days. Company insiders own 45.58% of the company’s stock.

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.