Walmart Inc. (NYSE:WMT) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 20.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 46,340 shares of the retailer’s stock after purchasing an additional 7,904 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Walmart were worth $3,138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Flynn Zito Capital Management LLC increased its stake in shares of Walmart by 3.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after purchasing an additional 61 shares in the last quarter. ICW Investment Advisors LLC increased its stake in shares of Walmart by 0.4% in the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after purchasing an additional 62 shares in the last quarter. Rossmore Private Capital increased its stake in shares of Walmart by 0.3% in the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after purchasing an additional 65 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of Walmart by 0.3% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after purchasing an additional 65 shares in the last quarter. Finally, Avion Wealth increased its stake in shares of Walmart by 7.2% in the 4th quarter. Avion Wealth now owns 1,014 shares of the retailer’s stock valued at $160,000 after purchasing an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total transaction of $926,625.00. Following the transaction, the executive vice president now directly owns 632,415 shares in the company, valued at $44,648,499. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total transaction of $926,625.00. Following the sale, the executive vice president now owns 632,415 shares of the company’s stock, valued at $44,648,499. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. The disclosure for this sale can be found here. Insiders have sold 14,537,863 shares of company stock worth $954,247,577 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.9 %

NYSE:WMT traded down $1.33 during trading hours on Friday, reaching $68.46. 23,578,664 shares of the stock were exchanged, compared to its average volume of 14,048,109. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average of $68.23 and a two-hundred day moving average of $62.35. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $71.33. The company has a market capitalization of $550.66 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 3.95 and a beta of 0.50.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict that Walmart Inc. will post 2.43 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WMT shares. 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. Tigress Financial boosted their price objective on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. upgraded Walmart from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $66.00 to $81.00 in a research note on Monday, June 10th. HSBC boosted their price objective on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $71.60.

Walmart Company 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.