Walmart Inc. (NYSE:WMT) Shares Purchased by Ropes Wealth Advisors LLC

by · The Cerbat Gem

Ropes Wealth Advisors LLC raised its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,867 shares of the retailer’s stock after buying an additional 463 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Walmart were worth $2,698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Kozak & Associates Inc. raised its position in shares of Walmart by 1,490.0% during the 3rd quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock worth $25,000 after purchasing an additional 149 shares during the period. PFG Private Wealth Management LLC acquired a new stake in shares of Walmart during the 2nd quarter worth approximately $28,000. Marquette Asset Management LLC acquired a new stake in shares of Walmart during the 2nd quarter worth approximately $34,000. Union Savings Bank acquired a new stake in Walmart in the 2nd quarter valued at approximately $37,000. Finally, Milestone Investment Advisors LLC acquired a new stake in Walmart in the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 33.18% of the company’s stock.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 1,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $159.50, for a total transaction of $159,500.00. Following the transaction, the executive vice president now directly owns 168,735 shares in the company, valued at $26,913,232.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP John D. Rainey sold 1,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $159.50, for a total transaction of $159,500.00. Following the transaction, the executive vice president now directly owns 168,735 shares in the company, valued at $26,913,232.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 4,375 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $163.16, for a total value of $713,825.00. Following the completion of the sale, the executive vice president now owns 264,744 shares in the company, valued at $43,195,631.04. The disclosure for this sale can be found here. Insiders have sold 3,479,006 shares of company stock worth $542,170,741 over the last three months. Company insiders own 46.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. TD Cowen restated an “outperform” rating and issued a $185.00 target price on shares of Walmart in a research report on Tuesday, September 5th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 17th. Evercore ISI lowered their target price on Walmart from $187.00 to $177.00 and set an “outperform” rating on the stock in a research report on Friday, November 17th. Telsey Advisory Group restated an “outperform” rating and issued a $185.00 target price on shares of Walmart in a research report on Friday, November 17th. Finally, Tigress Financial boosted their price objective on Walmart from $182.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.44.

Check Out Our Latest Analysis on WMT

Walmart Price Performance

NYSE WMT opened at $157.65 on Friday. Walmart Inc. has a twelve month low of $136.09 and a twelve month high of $169.94. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.23 and a current ratio of 0.85. The stock has a market capitalization of $424.43 billion, a PE ratio of 26.14, a P/E/G ratio of 3.34 and a beta of 0.48. The stock has a 50-day simple moving average of $158.46 and a 200 day simple moving average of $158.77.

Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. Walmart had a return on equity of 21.20% and a net margin of 2.55%. The firm had revenue of $160.80 billion for the quarter, compared to analyst estimates of $159.65 billion. During the same period in the previous year, the company posted $1.50 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Research analysts anticipate that Walmart Inc. will post 6.45 EPS for the current year.

Walmart Profile

(Free Report)

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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