Tudor Financial Inc. Invests $504,000 in Walmart Inc. (NYSE:WMT)

by · The Markets Daily

Tudor Financial Inc. acquired a new position in Walmart Inc. (NYSE:WMT – Free Report) during the 3rd quarter, HoldingsChannel reports. The fund acquired 6,242 shares of the retailer’s stock, valued at approximately $504,000.

Several other institutional investors also recently modified their holdings of WMT. Summit Financial Wealth Advisors LLC raised its position in Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after purchasing an additional 118 shares during the period. Providence Wealth Advisors LLC raised its position in Walmart by 0.3% in the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after purchasing an additional 122 shares during the period. 3Chopt Investment Partners LLC raised its position in Walmart by 0.4% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock worth $2,635,000 after purchasing an additional 124 shares during the period. CAP Partners LLC raised its position in Walmart by 2.1% in the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after purchasing an additional 125 shares during the period. Finally, Investment Advisory Group LLC raised its position in Walmart by 2.1% in the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after purchasing an additional 126 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, major shareholder S Robson Walton sold 1,804,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $79.18, for a total transaction of $142,840,720.00. Following the sale, the insider now owns 605,979,318 shares of the company’s stock, valued at $47,981,442,399.24. This represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total transaction of $277,410.00. Following the sale, the executive vice president now directly owns 375,165 shares in the company, valued at approximately $34,691,507.55. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,309,091 shares of company stock valued at $183,375,539 over the last 90 days. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird raised their price target on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Royal Bank of Canada raised their price target on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Stifel Nicolaus lifted their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.40.

Check Out Our Latest Research Report on WMT

Walmart Price Performance

Shares of NYSE:WMT opened at $94.98 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a fifty day moving average price of $85.56 and a 200 day moving average price of $76.62. Walmart Inc. has a fifty-two week low of $50.08 and a fifty-two week high of $96.18. The firm has a market cap of $763.01 billion, a price-to-earnings ratio of 38.98, a P/E/G ratio of 4.49 and a beta of 0.54.

Walmart (NYSE:WMT – Get Free Report) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Walmart Company 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.

Further Reading

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