Walmart Inc. (NYSE:WMT) Shares Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated increased its position in shares of Walmart Inc. (NYSE:WMT) by 18.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,666 shares of the retailer’s stock after purchasing an additional 5,461 shares during the period. Silver Oak Securities Incorporated’s holdings in Walmart were worth $2,763,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Arkansas Financial Group Inc. lifted its position in shares of Walmart by 205.8% during the 1st quarter. Arkansas Financial Group Inc. now owns 9,418 shares of the retailer’s stock worth $567,000 after buying an additional 6,338 shares during the last quarter. ERn Financial LLC boosted its stake in Walmart by 194.6% in the first quarter. ERn Financial LLC now owns 6,542 shares of the retailer’s stock valued at $394,000 after acquiring an additional 4,321 shares in the last quarter. Cardinal Capital Management grew its holdings in shares of Walmart by 218.8% during the first quarter. Cardinal Capital Management now owns 161,974 shares of the retailer’s stock worth $9,777,000 after purchasing an additional 111,167 shares during the last quarter. First National Bank Sioux Falls lifted its holdings in shares of Walmart by 200.0% in the 1st quarter. First National Bank Sioux Falls now owns 4,374 shares of the retailer’s stock valued at $263,000 after purchasing an additional 2,916 shares during the last quarter. Finally, Procyon Advisors LLC boosted its position in shares of Walmart by 199.6% in the 1st quarter. Procyon Advisors LLC now owns 31,847 shares of the retailer’s stock valued at $1,916,000 after purchasing an additional 21,217 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares in the company, valued at $26,787,946.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock valued at $958,784,857. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WMT has been the topic of several research analyst reports. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Guggenheim upped their price target on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Citigroup increased their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. DA Davidson upped their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Truist Financial raised Walmart from a “hold” rating to a “buy” rating and raised their price target for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $83.51.

Walmart Stock Performance

NYSE:WMT opened at $82.51 on Friday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $83.34. The company has a market capitalization of $663.67 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $78.91 and a two-hundred day moving average price of $70.17.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the company earned $0.61 EPS. Walmart’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.