Walmart Inc. (NYSE:WMT) Shares Bought by Worth Financial Advisory Group LLC

by · The Cerbat Gem

Worth Financial Advisory Group LLC increased its stake in Walmart Inc. (NYSE:WMT – Free Report) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,005 shares of the retailer’s stock after purchasing an additional 447 shares during the quarter. Worth Financial Advisory Group LLC’s holdings in Walmart were worth $610,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. EntryPoint Capital LLC bought a new position in Walmart during the 1st quarter valued at $25,000. Northwest Capital Management Inc boosted its stake in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares in the last quarter. TruNorth Capital Management LLC grew its holdings in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in Walmart in the second quarter worth about $29,000. Finally, Partnership Wealth Management LLC acquired a new stake in Walmart in the 4th quarter valued at about $30,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the sale, the chief executive officer now directly owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’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 transaction, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director S Robson Walton sold 933,000 shares of Walmart stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $64.92, for a total value of $60,570,360.00. Following the sale, the director now directly owns 642,016,611 shares in the company, valued at approximately $41,679,718,386.12. The disclosure for this sale can be found here. Insiders sold a total of 7,265,089 shares of company stock worth $482,716,014 in the last ninety days. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on WMT. TD Cowen boosted their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. KeyCorp increased their price objective on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Royal Bank of Canada raised their price objective on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Citigroup boosted their target price on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Raymond James increased their price target on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.64.

Check Out Our Latest Analysis on WMT

Walmart Stock Performance

Shares of NYSE WMT traded up $0.10 during trading hours on Tuesday, hitting $76.13. 11,542,422 shares of the company’s stock were exchanged, compared to its average volume of 17,461,697. The company’s 50-day moving average price is $69.85 and its 200-day moving average price is $64.22. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $76.45. The stock has a market capitalization of $612.35 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 3.79 and a beta of 0.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

About Walmart

(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.

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