Woodmont Investment Counsel LLC Buys 699 Shares of Walmart Inc. (NYSE:WMT)

Woodmont Investment Counsel LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,605 shares of the retailer’s stock after purchasing an additional 699 shares during the period. Woodmont Investment Counsel LLC’s holdings in Walmart were worth $5,782,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. WoodTrust Financial Corp grew its holdings in Walmart by 0.6% during the 3rd quarter. WoodTrust Financial Corp now owns 147,438 shares of the retailer’s stock worth $11,906,000 after acquiring an additional 872 shares during the period. Hanseatic Management Services Inc. acquired a new stake in Walmart during the 3rd quarter worth about $72,000. Bridgewater Advisors Inc. grew its holdings in Walmart by 1.6% during the 3rd quarter. Bridgewater Advisors Inc. now owns 19,968 shares of the retailer’s stock worth $1,631,000 after acquiring an additional 317 shares during the period. Walkner Condon Financial Advisors LLC grew its holdings in Walmart by 7.0% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 4,969 shares of the retailer’s stock worth $401,000 after acquiring an additional 324 shares during the period. Finally, Baugh & Associates LLC grew its holdings in Walmart by 0.5% during the 3rd quarter. Baugh & Associates LLC now owns 101,348 shares of the retailer’s stock worth $7,941,000 after acquiring an additional 499 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WMT shares. Tigress Financial increased their price target on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. DA Davidson raised their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Oppenheimer raised their target price on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada raised their target price on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, TD Cowen raised their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $83.89.

Walmart Stock Down 0.3 %

Walmart stock opened at $83.44 on Thursday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.54. The firm has a market capitalization of $670.71 billion, a price-to-earnings ratio of 43.46, a P/E/G ratio of 4.13 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. The firm has a 50 day simple moving average of $80.22 and a 200 day simple moving average of $71.67.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion during 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 business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. On average, analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

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.