Orion Portfolio Solutions LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

Orion Portfolio Solutions LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 548,425 shares of the retailer’s stock after acquiring an additional 6,771 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Walmart were worth $44,285,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Peterson Financial Group Inc. bought a new position in shares of Walmart in the third quarter worth about $26,000. Voisard Asset Management Group Inc. boosted its position in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Hoese & Co LLP bought a new position in Walmart in the 3rd quarter worth about $33,000. TruNorth Capital Management LLC increased 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 acquiring an additional 249 shares during the period. Finally, Cultivar Capital Inc. bought a new stake in shares of Walmart during the second quarter valued at approximately $29,000. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,300,460 shares of company stock worth $570,820,065. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $95.70 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $96.18. The company has a market cap of $769.26 billion, a price-to-earnings ratio of 39.27, a PEG ratio of 4.48 and a beta of 0.54. The stock’s fifty day moving average price is $84.42 and its 200 day moving average price is $75.71.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

WMT has been the topic of several research analyst reports. Wells Fargo & Company increased their price objective on Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein raised their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Bank of America upped their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley raised their target price on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.11.

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.