Elios Financial Group Inc. Makes New Investment in Walmart Inc. (NYSE:WMT)

Elios Financial Group Inc. purchased a new position in Walmart Inc. (NYSE:WMT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,651 shares of the retailer’s stock, valued at approximately $214,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. CAP Partners LLC lifted its holdings in shares of Walmart by 2.1% during the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after acquiring an additional 125 shares during the period. Investment Advisory Group LLC raised its stake in shares of Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares during the period. Jag Capital Management LLC boosted its stake in shares of Walmart by 1.4% in the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock valued at $760,000 after purchasing an additional 132 shares during the period. Professional Financial Advisors LLC grew its holdings in Walmart by 0.6% during the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after purchasing an additional 137 shares in the last quarter. Finally, Inspire Advisors LLC increased its stake in Walmart by 2.1% during the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction 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 transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 1.1 %

Shares of Walmart stock opened at $89.45 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $90.95. The stock has a 50-day moving average price of $82.29 and a 200 day moving average price of $74.14. The company has a market cap of $719.02 billion, a P/E ratio of 36.71, a P/E/G ratio of 4.29 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WMT shares. UBS Group raised their target price on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised their price target on shares of Walmart from $85.00 to $89.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein upped their target price on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Robert W. Baird upped their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, TD Cowen lifted their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

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.