Howard Financial Services LTD. Has $695,000 Holdings in Walmart Inc. (NYSE:WMT)

Howard Financial Services LTD. lifted its stake in Walmart Inc. (NYSE:WMT) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,607 shares of the retailer’s stock after acquiring an additional 317 shares during the period. Howard Financial Services LTD.’s holdings in Walmart were worth $695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Syverson Strege & Co boosted its stake in Walmart by 2.6% during the fourth quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after buying an additional 85 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its position in shares of Walmart by 1.6% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock valued at $975,000 after acquiring an additional 100 shares in the last quarter. Pinnacle Holdings LLC increased its stake in Walmart by 0.9% in the fourth quarter. Pinnacle Holdings LLC now owns 11,560 shares of the retailer’s stock valued at $1,822,000 after acquiring an additional 108 shares during the period. Trust Co of the South lifted its stake in Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after purchasing an additional 138 shares during the period. Finally, Power Corp of Canada boosted its holdings in Walmart by 0.5% during the fourth quarter. Power Corp of Canada now owns 30,005 shares of the retailer’s stock valued at $4,730,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT opened at $79.70 on Wednesday. The company has a market capitalization of $640.65 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 4.05 and a beta of 0.51. The firm’s 50 day simple moving average is $75.88 and its 200 day simple moving average is $68.52. 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 Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.60.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $168.56 billion. During the same period last year, the firm posted $0.61 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction 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 approximately $49,123,611.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the completion of the transaction, the executive vice president now owns 606,165 shares in the company, valued at approximately $49,123,611.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total value of $242,910.00. Following the completion of the sale, the executive vice president now owns 381,165 shares in the company, valued at approximately $30,862,930.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,670 shares of company stock valued at $958,267,937. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays raised their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their target price on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and boosted their price target for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Finally, The Goldman Sachs Group raised their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $81.96.

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.