Walmart Inc. (NYSE:WMT) Shares Bought by Walkner Condon Financial Advisors LLC

Walkner Condon Financial Advisors LLC increased its stake in Walmart Inc. (NYSE:WMT) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,645 shares of the retailer’s stock after purchasing an additional 258 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in Walmart were worth $320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMT. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the first quarter valued at $25,000. Northwest Capital Management Inc lifted 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 purchasing an additional 293 shares during the last quarter. TruNorth Capital Management LLC boosted 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 buying an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in Walmart in the second quarter worth approximately $29,000. Finally, Partnership Wealth Management LLC bought a new position in shares of Walmart in the fourth quarter valued at $30,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of several research reports. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Oppenheimer raised their price target on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Stifel Nicolaus boosted their target price on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Evercore ISI raised their price target on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, Tigress Financial lifted their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.64.

Walmart Stock Performance

Walmart stock traded down $0.03 on Wednesday, hitting $76.10. The company’s stock had a trading volume of 9,806,516 shares, compared to its average volume of 17,415,627. The company has a fifty day moving average price of $70.02 and a 200-day moving average price of $64.36. The firm has a market cap of $612.11 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 3.81 and a beta of 0.50. Walmart Inc. has a one year low of $49.85 and a one year high of $76.45. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. On average, equities analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 1,250,000 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the completion of the sale, the insider now owns 640,532,611 shares in the company, valued at approximately $42,345,610,913.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Alice L. Walton sold 1,250,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $66.11, for a total value of $82,637,500.00. Following the completion of the sale, the insider now directly owns 640,532,611 shares in the company, valued at $42,345,610,913.21. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director S Robson Walton sold 933,000 shares of Walmart stock in a transaction dated 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 completion of the sale, the director now owns 642,016,611 shares of the company’s stock, valued at $41,679,718,386.12. The disclosure for this sale can be found here. Insiders have sold a total of 7,265,089 shares of company stock valued at $482,716,014 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

Walmart 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.