MinichMacGregor Wealth Management LLC Acquires 629 Shares of Walmart Inc (WMT)

MinichMacGregor Wealth Management LLC boosted its holdings in shares of Walmart Inc (NYSE:WMT) by 56.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,753 shares of the retailer’s stock after purchasing an additional 629 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Walmart were worth $165,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Parkside Investments LLC raised its stake in shares of Walmart by 20.8% in the third quarter. Parkside Investments LLC now owns 6,646 shares of the retailer’s stock valued at $624,000 after acquiring an additional 1,146 shares during the period. Welch & Forbes LLC raised its stake in shares of Walmart by 0.6% in the third quarter. Welch & Forbes LLC now owns 120,604 shares of the retailer’s stock valued at $11,326,000 after acquiring an additional 710 shares during the period. GHP Investment Advisors Inc. raised its stake in shares of Walmart by 4.7% in the third quarter. GHP Investment Advisors Inc. now owns 22,898 shares of the retailer’s stock valued at $2,150,000 after acquiring an additional 1,024 shares during the period. First American Bank purchased a new stake in shares of Walmart in the third quarter valued at $5,899,000. Finally, Private Capital Advisors Inc. purchased a new stake in shares of Walmart in the third quarter valued at $340,000. 29.32% of the stock is currently owned by institutional investors.

Shares of Walmart stock opened at $96.17 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $109.98. The stock has a market cap of $278.20 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 3.30 and a beta of 0.52.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.07. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The company had revenue of $127.06 billion for the quarter, compared to analysts’ expectations of $124.67 billion. During the same period in the prior year, the business earned $1.08 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc will post 4.81 earnings per share for the current fiscal year.

In other Walmart news, insider John R. Furner sold 9,623 shares of the stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $94.04, for a total transaction of $904,946.92. Following the transaction, the insider now directly owns 165,402 shares in the company, valued at approximately $15,554,404.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 594,396 shares of the stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at $663,250,442.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,199,130 shares of company stock worth $976,228,654. 51.11% of the stock is owned by company insiders.

WMT has been the topic of several recent analyst reports. Guggenheim reissued a “buy” rating and issued a $110.00 target price on shares of Walmart in a research note on Thursday, August 16th. ValuEngine raised shares of Walmart from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Argus set a $112.00 target price on shares of Walmart and gave the company a “buy” rating in a research note on Friday, August 17th. Citigroup increased their target price on shares of Walmart from $101.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, August 17th. Finally, Stephens set a $115.00 target price on shares of Walmart and gave the company a “buy” rating in a research note on Friday, August 17th. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $102.83.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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