3Chopt Investment Partners LLC buys 817 shares of Walmart Inc. (NYSE:WMT)

VaselineOctober 1, 2024

0 4 minutes read

Walmart logo 3Chopt Investment Partners LLC grew its holdings in Walmart Inc. (NYSE:WMT – Free Report) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,509 shares of the retailer’s stock after purchasing an additional 817 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Walmart were worth $2,201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in shares of Walmart by 3.7% in the fourth quarter. Jones Financial Companies Lllp now owns 13,185 shares of the retailer’s stock worth $2,079,000 after buying an additional 474 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of Walmart by 5.1% during the fourth quarter. Rafferty Asset Management LLC now owns 114,680 shares of the retailer’s stock valued at $18,079,000 after acquiring an additional 5,593 shares during the period. Carmignac Gestion bought a new stake in shares of Walmart in the 4th quarter valued at approximately $38,019,000. CIBC Private Wealth Group LLC boosted its holdings in Walmart by 4.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 291,016 shares of the retailer’s stock valued at $45,879,000 after buying an additional 12,362 shares in the last quarter. Finally, ROI Financial Advisors LLC acquired a new position in Walmart in the fourth quarter valued at approximately $1,789,000. 26.76% of shares are held by institutional investors.

Analysts set new price targets

A number of research analysts recently issued reports on the stock. Oppenheimer lifted their price target on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Jefferies Financial Group boosted their price objective on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Evercore ISI upped their target price on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Piper Sandler restated an “overweight” rating and set a $83.00 target price (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. Finally, Barclays upped their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $81.62, according to MarketBeat.com.

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Insider buying and selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were 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 directly owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the transaction, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 $48,781,873,820.76. The disclosure for this sale can be found here. Insiders have sold a total of 12,334,670 shares of company stock worth $958,025,027 over the last ninety days. 45.58% of shares are currently held by corporate insiders.

Walmart trading up 1.2%

NYSE:WMT opened at $80.75 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.80, and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.60. The company has a market cap of $649.09 billion, a P/E ratio of 34.56, a price-to-earnings-growth ratio of 4.00 and a beta of 0.51. The company has a 50 day moving average price of $74.64 and a two hundred day moving average price of $67.71.

Walmart (NYSE:WMT – Get Your Free Report ) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. In the same quarter last year, the company earned $0.61 per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts expect Walmart Inc. to post 2.44 EPS for the current fiscal year.

Walmart Company Profile

(Free Report)

Walmart Inc engages in retail, wholesale, other facilities and e-commerce operations worldwide. The company operates through three segments: Walmart US, Walmart International and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores and discount stores under the Walmart and Walmart Neighborhood Market brands; members-only deposit clubs; e-commerce sites such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.