Walmart Inc. (NYSE:WMT) Shares Bought by Gilman Hill Asset Management LLC

by · The Cerbat Gem

Gilman Hill Asset Management LLC lifted its stake in Walmart Inc. (NYSE:WMT – Free Report) by 187.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,491 shares of the retailer’s stock after buying an additional 7,500 shares during the period. Gilman Hill Asset Management LLC’s holdings in Walmart were worth $928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Able Wealth Management LLC purchased a new stake in shares of Walmart in the 4th quarter valued at about $30,000. Hoese & Co LLP acquired a new position in Walmart during the third quarter worth approximately $33,000. EntryPoint Capital LLC purchased a new stake in Walmart in the first quarter valued at approximately $25,000. TruNorth Capital Management LLC grew 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 last quarter. Finally, Cultivar Capital Inc. purchased a new position in shares of Walmart during the second quarter worth approximately $29,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMT has been the subject of a number of recent research reports. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. JPMorgan Chase & Co. upped their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Telsey Advisory Group increased their price objective on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 target price on shares of Walmart in a report on Friday, August 16th. Finally, Melius Research assumed coverage on Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $82.32.

View Our Latest Research Report on WMT

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the sale, the executive vice president now directly owns 381,165 shares in the company, valued at $30,862,930.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the sale, the executive vice president now directly owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,670 shares of company stock valued at $958,267,937 over the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.6 %

Shares of NYSE:WMT traded up $0.49 during midday trading on Friday, reaching $80.10. The company’s stock had a trading volume of 9,570,734 shares, compared to its average volume of 16,313,674. The firm has a market cap of $643.86 billion, a price-to-earnings ratio of 41.65, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. The business has a 50 day moving average price of $76.55 and a 200 day moving average price of $68.88. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.60. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Walmart 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.

See Also

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