Walmart Inc. (NYSE:WMT) Shares Purchased by First City Capital Management Inc.

First City Capital Management Inc. lifted its stake in Walmart Inc. (NYSE:WMT) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,647 shares of the retailer’s stock after purchasing an additional 340 shares during the quarter. First City Capital Management Inc.’s holdings in Walmart were worth $617,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter worth $26,000. Voisard Asset Management Group Inc. boosted its position 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 during the period. Hoese & Co LLP purchased a new position in shares of Walmart during the third quarter worth $33,000. EntryPoint Capital LLC purchased a new position in shares of Walmart during the first quarter worth $25,000. Finally, TruNorth Capital Management LLC boosted its position in shares of Walmart by 138.3% during the second 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 period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Piper Sandler raised their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup lifted their target price on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Roth Mkm lifted their target price on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Telsey Advisory Group reiterated an “outperform” rating and issued a $92.00 target price on shares of Walmart in a report on Wednesday, November 13th. Finally, Bank of America lifted their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $86.71.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated 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 owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 in the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.2 %

WMT opened at $84.09 on Tuesday. The business’s 50-day simple moving average is $81.43 and its 200-day simple moving average is $73.15. 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 one year low of $49.85 and a one year high of $85.79. The stock has a market capitalization of $675.94 billion, a P/E ratio of 43.80, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51.

Walmart 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.