Boomfish Wealth Group LLC Sells 18,132 Shares of Walmart Inc. (NYSE:WMT)

Boomfish Wealth Group LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 81.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,033 shares of the retailer’s stock after selling 18,132 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Walmart were worth $326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WMT. EntryPoint Capital LLC purchased a new stake in Walmart in the first quarter worth $25,000. Northwest Capital Management Inc increased its stake in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the period. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% during 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 stake in Walmart in the 2nd quarter valued at about $29,000. Finally, FSA Wealth Management LLC grew its stake in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Up 0.3 %

NYSE:WMT opened at $80.33 on Tuesday. The company has a market capitalization of $646.14 billion, a P/E ratio of 34.33, a PEG ratio of 3.99 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 $81.60. The firm has a fifty day simple moving average of $76.80 and a 200-day simple moving average of $69.07.

Walmart (NYSE:WMT) last issued 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. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total transaction of $926,625.00. Following the completion of the transaction, the executive vice president now directly owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total value of $926,625.00. Following the sale, the executive vice president now directly owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart 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 transaction, the executive vice president now owns 381,165 shares of the company’s stock, valued at $30,862,930.05. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,335,272 shares of company stock worth $958,101,276 over the last quarter. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WMT. Piper Sandler reiterated an “overweight” rating and issued a $83.00 price target (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. UBS Group upped their target price on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a report on Friday. Barclays raised their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Jefferies Financial Group upped their price objective on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, Royal Bank of Canada raised their target price on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $82.96.

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.