Bedel Financial Consulting Inc. Buys 264 Shares of Walmart Inc (NYSE:WMT)

Bedel Financial Consulting Inc. boosted its stake in Walmart Inc (NYSE:WMT) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,781 shares of the retailer’s stock after acquiring an additional 264 shares during the quarter. Bedel Financial Consulting Inc.’s holdings in Walmart were worth $805,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Krane Funds Advisors LLC bought a new stake in Walmart during the 2nd quarter worth about $26,000. AllSquare Wealth Management LLC lifted its position in Walmart by 235.3% during the 2nd quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock worth $31,000 after buying an additional 200 shares in the last quarter. Mcmillion Capital Management Inc. bought a new stake in Walmart during the 2nd quarter worth about $34,000. Litman Gregory Asset Management LLC bought a new stake in Walmart during the 2nd quarter worth about $37,000. Finally, MRA Associates USA LLC bought a new stake in Walmart during the 2nd quarter worth about $37,000. 30.10% of the stock is currently owned by institutional investors and hedge funds.

WMT traded up $1.35 on Wednesday, reaching $118.93. The company had a trading volume of 3,884,822 shares, compared to its average volume of 6,409,988. Walmart Inc has a fifty-two week low of $85.78 and a fifty-two week high of $119.86. The stock has a market cap of $338.25 billion, a P/E ratio of 24.22, a P/E/G ratio of 5.08 and a beta of 0.40. The company’s fifty day moving average is $115.77 and its 200 day moving average is $108.24. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The business had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. During the same quarter in the prior year, the business earned $1.29 EPS. Walmart’s quarterly revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts expect that Walmart Inc will post 4.91 EPS for the current year.

Several brokerages have commented on WMT. Credit Suisse Group set a $105.00 price target on shares of Walmart and gave the stock a “hold” rating in a research report on Thursday, August 15th. ValuEngine lowered shares of Walmart from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Loop Capital boosted their price objective on shares of Walmart to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. UBS Group set a $115.00 price objective on shares of Walmart and gave the stock a “hold” rating in a research note on Friday, August 16th. Finally, Raymond James boosted their price objective on shares of Walmart from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have issued a buy rating to the company. Walmart presently has a consensus rating of “Hold” and an average target price of $116.09.

In other Walmart news, SVP David Chojnowski sold 3,680 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John R. Furner sold 7,900 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. 50.22% of the stock is currently owned by corporate insiders.

Walmart Company Profile

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, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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