Resonate Capital LLC Purchases Shares of 3,889 Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Resonate Capital LLC purchased a new stake in Walmart Inc. (NYSE:WMT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,889 shares of the retailer’s stock, valued at approximately $611,000. Walmart makes up about 4.0% of Resonate Capital LLC’s investment portfolio, making the stock its 13th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich increased its position in Walmart by 93,272.8% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 821,003,685 shares of the retailer’s stock worth $129,045,359,000 after purchasing an additional 820,124,410 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in Walmart by 112,181.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock worth $3,240,599,000 after purchasing an additional 22,834,564 shares during the last quarter. Norges Bank acquired a new position in Walmart during the fourth quarter worth approximately $2,598,736,000. Providence Capital Advisors LLC increased its position in Walmart by 1,164,937.0% during the first quarter. Providence Capital Advisors LLC now owns 4,718,400 shares of the retailer’s stock worth $32,000,000 after purchasing an additional 4,717,995 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Walmart by 179.2% during the first quarter. Envestnet Asset Management Inc. now owns 4,578,677 shares of the retailer’s stock worth $254,078,000 after purchasing an additional 2,938,948 shares during the last quarter. Hedge funds and other institutional investors own 33.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $168.00 price objective on shares of Walmart in a research report on Friday, November 17th. Truist Financial increased their price objective on shares of Walmart from $168.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. The Goldman Sachs Group increased their price objective on shares of Walmart from $176.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Evercore ISI dropped their price objective on shares of Walmart from $187.00 to $177.00 and set an “outperform” rating for the company in a research report on Friday, November 17th. Finally, Raymond James increased their price objective on shares of Walmart from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, August 18th. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $179.44.

Get Our Latest Analysis on WMT

Walmart Trading Up 0.3 %

Walmart stock opened at $151.24 on Tuesday. The firm’s 50-day moving average is $159.58 and its 200-day moving average is $158.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a 1 year low of $136.09 and a 1 year high of $169.94. The company has a market cap of $407.17 billion, a P/E ratio of 25.08, a PEG ratio of 3.20 and a beta of 0.48.

Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings data on Thursday, November 16th. The retailer reported $1.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.53. Walmart had a net margin of 2.55% and a return on equity of 21.20%. The business had revenue of $160.80 billion for the quarter, compared to analysts’ expectations of $159.65 billion. During the same quarter last year, the company earned $1.50 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts expect that Walmart Inc. will post 6.45 earnings per share for the current year.

Insider Buying and Selling

In other Walmart news, Director S Robson Walton sold 885,170 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $156.13, for a total transaction of $138,201,592.10. Following the transaction, the director now owns 233,094,355 shares of the company’s stock, valued at approximately $36,393,021,646.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Walmart news, Director S Robson Walton sold 885,170 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $156.13, for a total transaction of $138,201,592.10. Following the transaction, the director now owns 233,094,355 shares of the company’s stock, valued at approximately $36,393,021,646.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 433,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $155.89, for a total transaction of $67,500,370.00. Following the transaction, the insider now directly owns 235,007,961 shares in the company, valued at approximately $36,635,391,040.29. The disclosure for this sale can be found here. Insiders have sold a total of 2,990,310 shares of company stock valued at $466,515,037 in the last quarter. Company insiders own 46.51% of the company’s stock.

Walmart Profile

(Free Report)

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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