IHT Wealth Management LLC Buys 25,062 Shares of Walmart Inc. (NYSE:WMT)

IHT Wealth Management LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 17.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,398 shares of the retailer’s stock after purchasing an additional 25,062 shares during the quarter. IHT Wealth Management LLC’s holdings in Walmart were worth $13,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WMT. Peterson Financial Group Inc. purchased a new position in Walmart in the 3rd quarter worth about $26,000. TruNorth Capital Management LLC grew its stake 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 period. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the 2nd quarter valued at about $29,000. Voisard Asset Management Group Inc. lifted its stake in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Finally, Hoese & Co LLP purchased a new position in shares of Walmart during the 3rd quarter worth $33,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE:WMT traded up $0.18 during midday trading on Tuesday, hitting $92.82. The company’s stock had a trading volume of 2,154,202 shares, compared to its average volume of 16,815,598. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $93.15. The firm’s 50 day moving average is $83.35 and its 200-day moving average is $75.04. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market cap of $746.11 billion, a P/E ratio of 38.01, a P/E/G ratio of 4.39 and a beta of 0.54.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the company earned $0.51 EPS. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on WMT. The Goldman Sachs Group raised their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Jefferies Financial Group raised their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Oppenheimer boosted their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. UBS Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Evercore ISI raised their target price on shares of Walmart from $66.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.88.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the 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 transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,673,023 shares of company stock worth $753,365,984. Corporate insiders own 45.58% of the company’s stock.

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.