Wrapmanager Inc. Acquires 1,291 Shares of Walmart Inc. (NYSE:WMT)

Wrapmanager Inc. grew its holdings in Walmart Inc. (NYSE:WMT) by 10.0% in the third quarter, Holdings Channel reports. The firm owned 14,258 shares of the retailer’s stock after buying an additional 1,291 shares during the quarter. Wrapmanager Inc.’s holdings in Walmart were worth $1,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. EntryPoint Capital LLC purchased a new position in shares of Walmart in the 1st quarter worth $25,000. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter worth $26,000. TruNorth Capital Management LLC boosted its stake in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in Walmart during the second quarter valued at $29,000. Finally, FSA Wealth Management LLC lifted its position in Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $84.09 on Tuesday. The business’s fifty day simple moving average is $81.43 and its 200-day simple moving average is $73.15. The company has a market cap of $675.94 billion, a PE ratio of 43.80, a PEG ratio of 4.20 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 $85.79.

Insider Transactions at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several analyst reports. Tigress Financial lifted their target price on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Melius Research started coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective on the stock. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Finally, BMO Capital Markets boosted their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has a consensus rating of “Buy” and a consensus target price of $86.71.

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.