Walmart Inc. (NYSE:WMT) Shares Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 5.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,421 shares of the retailer’s stock after buying an additional 1,868 shares during the quarter. Focus Financial Network Inc.’s holdings in Walmart were worth $2,445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. EntryPoint Capital LLC purchased a new position in Walmart during the first quarter worth approximately $25,000. Northwest Capital Management Inc grew its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC grew its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares in the last quarter. Partnership Wealth Management LLC acquired a new position in Walmart during the 4th quarter worth $30,000. Finally, Able Wealth Management LLC acquired a new position in Walmart during the 4th quarter worth $30,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 0.2 %

WMT stock traded up $0.14 during mid-day trading on Wednesday, hitting $74.68. 5,999,944 shares of the company were exchanged, compared to its average volume of 17,530,977. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $75.58. The firm has a market cap of $600.69 billion, a P/E ratio of 32.07, a P/E/G ratio of 4.04 and a beta of 0.50. The firm’s 50 day simple moving average is $69.15 and its 200 day simple moving average is $63.68.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period last year, the company earned $0.61 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts predict that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of recent research reports. Oppenheimer raised their price target on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Wells Fargo & Company boosted their target price on shares of Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Robert W. Baird upped their price objective on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Barclays upped their target price on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Raymond James increased their price objective on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average target price of $78.57.

Insiders Place Their Bets

In other news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the transaction, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The disclosure for this sale can be found here. Insiders sold a total of 10,970,613 shares of company stock valued at $723,987,410 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

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.