2,666 Shares in Walmart Inc. (NYSE:WMT) Bought by Sightline Wealth Advisors LLC

Sightline Wealth Advisors LLC purchased a new stake in Walmart Inc. (NYSE:WMT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,666 shares of the retailer’s stock, valued at approximately $215,000.

A number of other institutional investors also recently bought and sold shares of the business. Hoese & Co LLP purchased a new stake in Walmart during the third quarter worth approximately $33,000. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the 1st quarter worth approximately $25,000. TruNorth Capital Management LLC boosted its holdings in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in shares of Walmart in the 2nd quarter valued at $29,000. Finally, Kozak & Associates Inc. raised its stake in Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after acquiring an additional 344 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WMT has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Bank of America raised their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Piper Sandler reissued an “overweight” rating and issued a $83.00 price objective (up from $81.00) on shares of Walmart in a report on Friday, August 16th. TD Cowen raised their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Morgan Stanley increased their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $82.96.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at $36,915,110.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the sale, the executive vice president now owns 457,493 shares of the company’s stock, valued at $36,915,110.17. 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, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the sale, the executive vice president now directly owns 381,165 shares of the company’s stock, 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. In the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,267,901. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

Shares of WMT stock traded down $0.42 during mid-day trading on Monday, reaching $80.89. The stock had a trading volume of 2,644,856 shares, compared to its average volume of 17,062,742. The company has a market cap of $650.21 billion, a P/E ratio of 42.14, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.82. The business has a 50-day simple moving average of $77.90 and a 200 day simple moving average of $69.68.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate 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 net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.61 EPS. On average, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

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.