Fairfield Financial Advisors LTD raised its holdings in Walmart Inc. (NYSE:WMT – Free Report) by 40.1% in the third quarter, Holdings Channel.com reports. The fund owned 3,460 shares of the retailer’s stock after acquiring an additional 991 shares during the period. Fairfield Financial Advisors LTD’s holdings in Walmart were worth $279,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Liberty Wealth Management LLC acquired a new position in shares of Walmart in the first quarter worth about $270,000. Commerce Bank boosted its holdings in shares of Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after buying an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after buying an additional 200,947 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Walmart by 189.4% in the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after buying an additional 421,366 shares during the period. Finally, Sustainable Insight Capital Management LLC acquired a new position in shares of Walmart in the first quarter worth about $723,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The shares were 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 in the company, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’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 sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,334,337 shares of company stock worth $958,577,287 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.
Walmart Stock Performance
Walmart (NYSE:WMT – Get Free Report) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Walmart’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts recently commented on the stock. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Evercore ISI raised their price target on shares of Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. KeyCorp raised their price target on shares of Walmart from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Monday. Sanford C. Bernstein assumed coverage on shares of Walmart in a report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price target for the company. Finally, Tigress Financial raised their price target on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Walmart presently has an average rating of “Buy” and a consensus target price of $83.83.
Check Out Our Latest Report on Walmart
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.
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