Baron Silver Stevens Financial Advisors LLC Has $605,000 Stake in Walmart Inc. (NYSE:WMT)

Baron Silver Stevens Financial Advisors LLC grew its stake in Walmart Inc. (NYSE:WMT) by 3.9% during the third quarter, HoldingsChannel reports. The firm owned 7,493 shares of the retailer’s stock after buying an additional 284 shares during the quarter. Baron Silver Stevens Financial Advisors LLC’s holdings in Walmart were worth $605,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Voisard Asset Management Group Inc. increased its holdings in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Hoese & Co LLP bought a new stake in Walmart during the 3rd quarter worth $33,000. EntryPoint Capital LLC acquired a new position in Walmart in the 1st quarter worth about $25,000. TruNorth Capital Management LLC increased its holdings in 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 purchasing an additional 249 shares in the last quarter. Finally, Cultivar Capital Inc. bought a new position in Walmart in the second quarter valued at about $29,000. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WMT. Stifel Nicolaus boosted their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Sanford C. Bernstein began coverage on shares of Walmart in a report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 target price on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Citigroup boosted their price objective on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, The Goldman Sachs Group raised their target price on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $83.89.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. 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 accessible through this hyperlink. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,334,337 shares of company stock valued at $958,577,287 in the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.7 %

Shares of Walmart stock opened at $81.96 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The company’s 50 day moving average price is $79.67 and its 200-day moving average price is $70.94. The stock has a market capitalization of $658.81 billion, a price-to-earnings ratio of 42.61, a P/E/G ratio of 4.08 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly 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. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. Equities research analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

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.