Vestia Personal Wealth Advisors Makes New Investment in Walmart Inc. (NYSE:WMT)

Vestia Personal Wealth Advisors acquired a new stake in shares of Walmart Inc. (NYSE:WMT) in the third quarter, HoldingsChannel.com reports. The fund acquired 2,854 shares of the retailer’s stock, valued at approximately $230,000.

Other institutional investors have also added to or reduced their stakes in the company. Voisard Asset Management Group Inc. raised its holdings in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Hoese & Co LLP bought a new position in shares of Walmart during the 3rd quarter worth $33,000. EntryPoint Capital LLC bought a new stake in Walmart during the first quarter valued at about $25,000. TruNorth Capital Management LLC boosted its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Finally, Cultivar Capital Inc. bought a new stake in Walmart during the second quarter valued at about $29,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WMT shares. TD Cowen raised their price objective on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada lifted their price target on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Roth Mkm boosted their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 target price on shares of Walmart in a report on Friday, August 16th. Finally, DA Davidson increased their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $83.92.

Walmart Price Performance

NYSE WMT opened at $84.21 on Tuesday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a market capitalization of $676.90 billion, a PE ratio of 43.86, a P/E/G ratio of 4.25 and a beta of 0.51. The stock has a 50-day simple moving average of $80.53 and a 200 day simple moving average of $72.10.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company earned $0.61 EPS. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. 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. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’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 transaction of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. 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 a total of 12,337,337 shares of company stock valued at $958,823,647 in the last 90 days. 45.58% of the stock is owned by company insiders.

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.