Valley Wealth Managers Inc. raised its stake in shares of Walmart Inc. (NYSE:WMT – Free Report) by 16.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,774 shares of the retailer’s stock after buying an additional 525 shares during the period. Valley Wealth Managers Inc.’s holdings in Walmart were worth $256,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of WMT. EntryPoint Capital LLC bought a new stake in shares of Walmart in the 1st quarter worth about $25,000. Northwest Capital Management Inc raised its stake in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC grew its stake in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart during the second quarter valued at about $29,000. Finally, Able Wealth Management LLC purchased a new position in shares of Walmart in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on WMT. DA Davidson boosted their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Wells Fargo & Company increased their target price on shares of Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Raymond James boosted their price objective on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, KeyCorp lifted their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $78.99.
Insider Activity at Walmart
In other Walmart news, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the transaction, the insider now owns 610,843,318 shares of the company’s stock, valued at approximately $48,537,610,048.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Walmart news, major shareholder Jim C. Walton sold 934,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the completion of the transaction, the insider now owns 610,843,318 shares in the company, valued at approximately $48,537,610,048.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,203,360 shares of company stock worth $788,678,803. 45.58% of the stock is currently owned by corporate insiders.
Walmart Stock Up 1.2 %
WMT stock opened at $80.60 on Friday. Walmart Inc. has a one year low of $49.85 and a one year high of $80.68. The stock has a market capitalization of $647.88 billion, a P/E ratio of 34.49, a PEG ratio of 3.99 and a beta of 0.51. The company has a 50 day moving average price of $72.51 and a two-hundred day moving average price of $66.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.
Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS 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%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. As a group, sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current year.
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.
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