CreativeOne Wealth LLC Expands Stake in Walmart Inc.

CreativeOne Wealth LLC has boosted its investment in Walmart Inc. (NYSE:WMT - Free Report) by 27.7% during the third quarter, as recently disclosed to the SEC. After acquiring an additional 15,538 shares during this period, the institutional investor now holds a total of 71,558 shares of Walmart's stock, valued at approximately $5,778,000 at the close of the latest reporting cycle.

Other Institutional Investments

Several other major investors have also adjusted their positions in Walmart recently. FMR LLC increased its stake by 12.9% during the third quarter, accumulating a total of 63,135,639 shares worth $5,098,203,000 after adding 7,200,004 shares in the last quarter. Similarly, Fisher Asset Management LLC raised its holdings by 4.6%, owning 47,659,844 shares valued at $3,848,533,000 after purchasing an additional 2,107,197 shares.

Legal & General Group Plc augmented its position by 1.8% in the second quarter, owning 36,282,740 shares worth $2,456,704,000 following an additional purchase of 644,353 shares. Charles Schwab Investment Management Inc. raised its holdings by 1.1% in the third quarter with 31,236,769 shares valued at $2,522,369,000 after acquiring 350,881 shares. Lastly, Jennison Associates LLC significantly increased its stake by 479.6%, holding 18,479,259 shares valued at $1,492,200,000 after gaining 15,290,936 shares. Overall, institutional investors own 26.76% of Walmart's stock.

Insider Transactions

In addition to these institutional changes, insider trading activity has been noted at Walmart. Executive Vice President Daniel J. Bartlett sold 2,063 shares on September 16th for approximately $166,607.88. Following this transaction, he retained direct ownership of 459,558 shares, valued at about $37,113,904.08, marking a 0.45% decrease in his ownership. Similarly, on November 1st, EVP John D. Rainey sold 3,000 shares for a total of $246,360.00, resulting in him owning 378,165 shares worth around $31,054,909.80, which represented a 0.79% decrease in his stake. Over the last quarter, insiders sold 12,337,337 shares, valued at $958,823,647, while insiders collectively own 45.58% of the company's stock.

Analyst Ratings

Several analysts have recently provided insights into Walmart's stock. The Goldman Sachs Group raised their price target on Walmart from $73.00 to $81.00, assigning a "buy" rating. JPMorgan Chase & Co. increased their target from $81.00 to $83.00 with an “overweight” rating. Jefferies Financial Group raised their forecast from $90.00 to $100.00 while maintaining a "buy" status. Piper Sandler lifted their target from $83.00 to $93.00, continuing to recommend an “overweight” stance on the stock. DA Davidson also enhanced their price objective from $75.00 to $85.00 with a “buy” rating. In total, two analysts rated it as a hold, twenty-nine recommended buying, and one analyst gave it a strong buy rating. The consensus rating remains "Moderate Buy," with a target price of $91.88 according to MarketBeat data.

Walmart's Recent Performance

As of Wednesday, Walmart's shares opened at $91.31. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85, and a quick ratio of 0.23. Over the past year, the stock has fluctuated, achieving a low of $49.85 and a high of $91.88. Walmart's fifty-day moving average price stands at $82.55, while its 200-day average is $74.36. With a market cap of $733.97 billion, it has a P/E ratio of 37.47, a PEG ratio of 4.25, and a beta of 0.51.

In its latest quarterly earnings report, released on November 19th, Walmart announced an EPS of $0.58, surpassing expectations by $0.05. The company's revenue for the quarter reached $169.59 billion, exceeding forecasts of $167.69 billion, representing a growth of 5.5% year-over-year. Analysts predict Walmart will report an EPS of 2.47 for the current year.

About Walmart

Walmart Inc. operates a wide range of retail and wholesale businesses, including eCommerce. The company is segmented into Walmart U.S., Walmart International, and Sam's Club. Walmart operates through various formats, including supercenters, supermarkets, hypermarkets, warehouse clubs, discount stores, and online platforms.

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