Accent Capital Management LLC Raises Position in Walmart Inc. (NYSE:WMT)

Accent Capital Management LLC boosted its position in Walmart Inc. (NYSE:WMT) by 182.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,816 shares of the retailer’s stock after purchasing an additional 13,451 shares during the period. Walmart comprises approximately 1.0% of Accent Capital Management LLC’s portfolio, making the stock its 20th biggest holding. Accent Capital Management LLC’s holdings in Walmart were worth $1,681,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in Walmart in the 1st quarter valued at approximately $25,000. TruNorth Capital Management LLC boosted 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 acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in Walmart in the 2nd quarter worth approximately $29,000. FSA Wealth Management LLC increased its holdings in shares of Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. raised its position in shares of Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WMT shares. UBS Group upped their target price on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Morgan Stanley raised their price objective on Walmart from $82.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Oppenheimer upped their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Bank of America lifted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $85.18.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last three months. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.3 %

Shares of NYSE:WMT opened at $84.25 on Friday. 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 52-week low of $49.85 and a 52-week high of $85.79. The firm has a market capitalization of $677.22 billion, a P/E ratio of 43.80, a P/E/G ratio of 4.21 and a beta of 0.51. The stock has a 50 day moving average price of $81.29 and a 200-day moving average price of $72.88.

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