Blair William & Co. IL Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Blair William & Co. IL lifted its position in Walmart Inc. (NYSE:WMT) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,527,952 shares of the retailer’s stock after buying an additional 29,857 shares during the quarter. Blair William & Co. IL’s holdings in Walmart were worth $171,168,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WMT. Landmark Financial Advisors LLC increased its stake in Walmart by 1.0% during the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after purchasing an additional 70 shares during the period. Syverson Strege & Co increased its stake in Walmart by 2.6% during the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after buying an additional 85 shares during the period. Amussen Hunsaker Associates LLC increased its stake in Walmart by 0.5% during the 4th quarter. Amussen Hunsaker Associates LLC now owns 15,979 shares of the retailer’s stock worth $2,519,000 after buying an additional 86 shares during the period. Per Stirling Capital Management LLC. lifted its holdings in Walmart by 2.6% during the 4th quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock worth $632,000 after buying an additional 100 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. boosted its position in Walmart by 1.6% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock valued at $975,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WMT shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. JPMorgan Chase & Co. upped their price target on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Tigress Financial increased their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada boosted their price objective on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Finally, Oppenheimer upped their target price on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Walmart Price Performance

WMT stock opened at $78.62 on Wednesday. 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 market capitalization of $631.97 billion, a P/E ratio of 33.65, a PEG ratio of 4.03 and a beta of 0.51. The business has a 50 day simple moving average of $72.90 and a 200-day simple moving average of $66.48. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.02.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $79.46, for a total value of $74,215,640.00. Following the transaction, the insider now owns 610,843,318 shares in the company, valued at approximately $48,537,610,048.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the transaction, the insider now directly owns 610,843,318 shares in the company, valued at $48,537,610,048.28. The disclosure for this sale can be found here. Insiders have sold a total of 10,203,360 shares of company stock valued at $788,678,803 over the last quarter. 45.58% of the stock is currently owned by insiders.

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.