Wrapmanager Inc. Acquires 1,291 Shares of Walmart Inc. (NYSE:WMT)

Wrapmanager Inc. boosted its holdings in Walmart Inc. (NYSE:WMT) by 10.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,258 shares of the retailer’s stock after acquiring an additional 1,291 shares during the quarter. Wrapmanager Inc.’s holdings in Walmart were worth $1,151,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WMT. EntryPoint Capital LLC bought a new position in Walmart in the 1st quarter worth about $25,000. Peterson Financial Group Inc. bought a new position in shares of Walmart during the 3rd quarter valued at about $26,000. TruNorth Capital Management LLC increased its position in shares of Walmart by 138.3% during the 2nd 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 last quarter. Cultivar Capital Inc. bought a new position in shares of Walmart during the 2nd quarter valued at about $29,000. Finally, FSA Wealth Management LLC increased its position in shares of Walmart by 253.0% during the 1st 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 last quarter. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on Walmart in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price objective on the stock. DA Davidson increased their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Robert W. Baird increased their price objective on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. UBS Group increased their price objective on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, Oppenheimer increased their target price on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. One 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $86.71.

Insider Activity at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.2 %

WMT opened at $84.09 on Tuesday. The stock has a market cap of $675.94 billion, a PE ratio of 43.80, a PEG ratio of 4.20 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $81.43 and a 200-day moving average of $73.15. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.79.

Walmart Profile

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.