Banque Cantonale Vaudoise Buys 5,838 Shares of Walmart Inc. (NYSE:WMT)

Banque Cantonale Vaudoise grew its stake in Walmart Inc. (NYSE:WMT) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,497 shares of the retailer’s stock after buying an additional 5,838 shares during the period. Banque Cantonale Vaudoise’s holdings in Walmart were worth $5,722,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. EntryPoint Capital LLC purchased a new stake in Walmart during the first quarter valued at about $25,000. Northwest Capital Management Inc boosted its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the period. TruNorth Capital Management LLC grew its position 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 during the last quarter. Cultivar Capital Inc. purchased a new position in Walmart in the 2nd quarter worth approximately $29,000. Finally, Partnership Wealth Management LLC bought a new stake in Walmart in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Walmart news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction that occurred on 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 approximately $6,420,220. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The disclosure for this sale can be found here. Insiders sold a total of 6,332,089 shares of company stock worth $422,145,654 in the last three months. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.1 %

Walmart stock opened at $77.23 on Friday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $77.47. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $70.55 and its two-hundred day simple moving average is $64.73. The company has a market capitalization of $621.20 billion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 3.87 and a beta of 0.50.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WMT shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Tigress Financial raised their price target on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Raymond James upped 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. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 target price on shares of Walmart in a research note on Friday, August 16th. Finally, Telsey Advisory Group upped their price target on Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.64.

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.