Fermata Advisors LLC Has $730,000 Holdings in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Fermata Advisors LLC grew its position in Walmart Inc. (NYSE:WMT – Free Report) by 12.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,037 shares of the retailer’s stock after buying an additional 967 shares during the quarter. Fermata Advisors LLC’s holdings in Walmart were worth $730,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in WMT. Able Wealth Management LLC purchased a new position in Walmart during the 4th quarter worth approximately $30,000. Hoese & Co LLP purchased a new position in shares of Walmart during the third quarter valued at $33,000. EntryPoint Capital LLC acquired a new position in Walmart during the first quarter valued at $25,000. TruNorth Capital Management LLC lifted its stake in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares in the last quarter. Finally, Cultivar Capital Inc. acquired a new stake in Walmart during the 2nd quarter worth about $29,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

WMT traded up $0.15 during midday trading on Friday, reaching $79.76. The company’s stock had a trading volume of 3,277,823 shares, compared to its average volume of 17,252,469. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $76.32 and a 200 day simple moving average of $68.68. The stock has a market cap of $641.13 billion, a P/E ratio of 41.49, a PEG ratio of 4.03 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.60.

Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. Research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WMT. Royal Bank of Canada upped their target price on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Bank of America upped their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Melius Research assumed coverage on shares of Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 target price for the company. Morgan Stanley boosted their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $82.32.

Read Our Latest Research Report on Walmart

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total value of $242,910.00. Following the completion of the transaction, the executive vice president now owns 381,165 shares of the company’s stock, valued at $30,862,930.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,337,670 shares of company stock valued at $958,267,937. Insiders own 45.58% of the company’s stock.

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.

See Also

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT – Free Report).