Fairfield Financial Advisors LTD Raises Stake in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Fairfield Financial Advisors LTD boosted its stake in Walmart Inc. (NYSE:WMT – Free Report) by 40.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,460 shares of the retailer’s stock after purchasing an additional 991 shares during the quarter. Fairfield Financial Advisors LTD’s holdings in Walmart were worth $279,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in Walmart in the first quarter valued at approximately $25,000. TruNorth Capital Management LLC grew its holdings in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in Walmart in the second quarter valued at approximately $29,000. FSA Wealth Management LLC grew its holdings in Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares during the period. Finally, Kozak & Associates Inc. grew its holdings in Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after purchasing an additional 344 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,334,337 shares of company stock worth $958,577,287 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock traded up $0.74 during trading on Thursday, hitting $82.13. 4,141,023 shares of the stock were exchanged, compared to its average volume of 16,814,346. The stock’s fifty day moving average is $79.54 and its 200 day moving average is $70.86. The stock has a market cap of $660.18 billion, a PE ratio of 42.54, a P/E/G ratio of 4.13 and a beta of 0.51. 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 12 month low of $49.85 and a 12 month high of $83.34.

Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The business 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 company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on WMT shares. Melius Research started coverage on shares of Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. JPMorgan Chase & Co. lifted their price target 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. Robert W. Baird lifted their price target on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, KeyCorp boosted their target price on shares of Walmart from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Monday. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $83.83.

Check Out Our Latest Stock Report 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.

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