Clear Perspective Advisors LLC Takes $426,000 Position in Walmart Inc. (NYSE:WMT)

Clear Perspective Advisors LLC purchased a new position in Walmart Inc. (NYSE:WMT) in the second quarter, Holdings Channel reports. The fund purchased 3,020 shares of the retailer’s stock, valued at approximately $426,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Private Portfolio Partners LLC raised its holdings in Walmart by 2.0% in the 2nd quarter. Private Portfolio Partners LLC now owns 3,577 shares of the retailer’s stock worth $504,000 after purchasing an additional 70 shares during the period. Wimmer Associates 1 LLC raised its holdings in shares of Walmart by 1.8% during the second quarter. Wimmer Associates 1 LLC now owns 4,024 shares of the retailer’s stock valued at $567,000 after acquiring an additional 70 shares during the last quarter. Fort Point Capital Partners LLC raised its holdings in shares of Walmart by 2.9% during the second quarter. Fort Point Capital Partners LLC now owns 2,499 shares of the retailer’s stock valued at $352,000 after acquiring an additional 71 shares during the last quarter. GYL Financial Synergies LLC raised its holdings in shares of Walmart by 1.2% during the second quarter. GYL Financial Synergies LLC now owns 6,222 shares of the retailer’s stock valued at $877,000 after acquiring an additional 74 shares during the last quarter. Finally, Grimes & Company Inc. raised its holdings in shares of Walmart by 2.0% during the second quarter. Grimes & Company Inc. now owns 3,849 shares of the retailer’s stock valued at $543,000 after acquiring an additional 74 shares during the last quarter. 30.22% of the stock is owned by institutional investors.

A number of equities analysts have commented on the company. Robert W. Baird increased their target price on Walmart from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, August 17th. Evercore ISI reissued a “hold” rating on shares of Walmart in a report on Thursday, August 19th. Zacks Investment Research cut Walmart from a “buy” rating to a “hold” rating and set a $158.00 target price for the company. in a report on Wednesday, August 18th. DA Davidson restated a “buy” rating on shares of Walmart in a research report on Wednesday, August 18th. Finally, Tigress Financial restated a “hold” rating and issued a $170.00 price target on shares of Walmart in a research report on Friday, August 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $169.84.

In other news, EVP M. Brett Biggs sold 8,000 shares of the stock in a transaction on Wednesday, August 18th. The stock was sold at an average price of $150.63, for a total value of $1,205,040.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 637,141 shares of the firm’s stock in a transaction on Wednesday, August 18th. The shares were sold at an average price of $150.64, for a total value of $95,978,920.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,212,124 shares of company stock worth $1,213,033,182. Insiders own 48.44% of the company’s stock.

NYSE:WMT traded up $0.97 during trading hours on Thursday, reaching $139.34. 115,955 shares of the stock were exchanged, compared to its average volume of 8,142,436. The company has a quick ratio of 0.38, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $144.99 and a two-hundred day moving average of $141.76. Walmart Inc. has a twelve month low of $126.28 and a twelve month high of $153.66. The company has a market capitalization of $388.55 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 4.21 and a beta of 0.47.

Walmart (NYSE:WMT) last released its quarterly earnings results on Monday, August 16th. The retailer reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.21. Walmart had a return on equity of 20.22% and a net margin of 1.78%. The company had revenue of $141 billion for the quarter, compared to analysts’ expectations of $136.07 billion. During the same period in the prior year, the firm earned $1.56 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. On average, research analysts forecast that Walmart Inc. will post 6.3 EPS for the current fiscal year.

About Walmart

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

Further Reading: Average Daily Trade Volume Explained

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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