Modus Advisors LLC Buys 3,085 Shares of Walmart Inc. (NYSE:WMT)

Modus Advisors LLC raised its stake in shares of Walmart Inc. (NYSE:WMTFree Report) by 36.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,444 shares of the retailer’s stock after purchasing an additional 3,085 shares during the quarter. Modus Advisors LLC’s holdings in Walmart were worth $924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Syverson Strege & Co lifted its holdings in Walmart by 2.6% in the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after buying an additional 85 shares during the period. Pinnacle Holdings LLC boosted its holdings in Walmart by 0.9% in the fourth quarter. Pinnacle Holdings LLC now owns 11,560 shares of the retailer’s stock worth $1,822,000 after purchasing an additional 108 shares during the last quarter. Trust Co of the South grew its holdings in shares of Walmart by 0.5% in the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after acquiring an additional 138 shares during the period. LVZ Inc. boosted its holdings in shares of Walmart by 1.9% in the second quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock worth $530,000 after buying an additional 143 shares during the last quarter. Finally, Delta Investment Management LLC increased its stake in shares of Walmart by 0.4% in the 2nd quarter. Delta Investment Management LLC now owns 41,813 shares of the retailer’s stock worth $2,831,000 after purchasing an additional 148 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the transaction, the executive vice president now directly owns 463,871 shares in the company, valued at $32,239,034.50. This trade represents 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 the SEC website. In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total value of $926,625.00. Following the sale, the executive vice president now owns 632,415 shares in the company, valued at approximately $44,648,499. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the transaction, the executive vice president now owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,670 shares of company stock valued at $958,267,937 over the last three months. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 1.0 %

Shares of WMT traded down $0.77 during mid-day trading on Thursday, reaching $79.63. The company’s stock had a trading volume of 2,567,276 shares, compared to its average volume of 17,281,699. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.60. The company’s 50 day moving average is $76.12 and its 200 day moving average is $68.61. The stock has a market cap of $640.51 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 4.05 and a beta of 0.51.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WMT shares. Wells Fargo & Company upped their price target on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Stifel Nicolaus increased their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. increased their target price on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. KeyCorp increased their price target on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Finally, Melius Research assumed coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price on the stock. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $81.96.

Get Our Latest Stock Analysis on WMT

Walmart Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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