Innealta Capital LLC Takes Position in Walmart Inc. (NYSE:WMT)

Innealta Capital LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 636 shares of the retailer’s stock, valued at approximately $43,000.

A number of other institutional investors have also recently made changes to their positions in WMT. Vanguard Group Inc. boosted its holdings in shares of Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after acquiring an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares during the period. Norges Bank bought a new position in shares of Walmart in the 4th quarter worth approximately $3,674,652,000. Bank of New York Mellon Corp lifted its stake in shares of Walmart by 183.0% in the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after purchasing an additional 18,865,484 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Walmart by 187.4% in the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after purchasing an additional 8,674,100 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. HSBC raised their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Truist Financial raised their target price on shares of Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Telsey Advisory Group raised their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, Roth Mkm increased their price objective on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $78.64.

Walmart Trading Up 1.1 %

NYSE WMT traded up $0.81 on Friday, hitting $77.23. 23,093,840 shares of the stock were exchanged, compared to its average volume of 17,417,189. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a fifty day moving average price of $70.36 and a two-hundred day moving average price of $64.53. The firm has a market capitalization of $621.20 billion, a P/E ratio of 33.05, a P/E/G ratio of 3.81 and a beta of 0.50. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $77.47.

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

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares in the company, valued at $26,787,946.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the sale, the executive vice president now directly owns 463,871 shares in the company, valued at $32,239,034.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at $26,787,946.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,332,089 shares of company stock worth $422,145,654. 45.58% of the stock is currently owned by insiders.

About Walmart

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.