Fortis Group Advisors LLC Buys 675 Shares of Walmart Inc. (NYSE:WMT)

Fortis Group Advisors LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 9.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,501 shares of the retailer’s stock after acquiring an additional 675 shares during the period. Fortis Group Advisors LLC’s holdings in Walmart were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. ICW Investment Advisors LLC boosted its stake in shares of Walmart by 0.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after purchasing an additional 62 shares during the period. Rossmore Private Capital boosted its stake in shares of Walmart by 0.3% during the fourth 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 during the period. Sheaff Brock Investment Advisors LLC lifted its holdings in Walmart by 0.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after buying an additional 65 shares in the last quarter. Landmark Financial Advisors LLC boosted its position in Walmart by 1.0% in the 4th quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock valued at $1,112,000 after buying an additional 70 shares during the period. Finally, MinichMacGregor Wealth Management LLC increased its position in shares of Walmart by 4.0% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 2,063 shares of the retailer’s stock worth $325,000 after acquiring an additional 79 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on WMT. Jefferies Financial Group increased their price objective on Walmart from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. TD Cowen upped their price objective on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Raymond James lifted their price objective on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Evercore ISI upped their price objective on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, HSBC raised their price objective on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $78.64.

Insider Buying and Selling at Walmart

In other news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the sale, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 1,250,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the transaction, the insider now owns 640,532,611 shares of the company’s stock, valued at $42,345,610,913.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,332,089 shares of company stock valued at $422,145,654. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock traded up $0.81 on Friday, hitting $77.23. The company had a trading volume of 23,229,975 shares, compared to its average volume of 17,417,189. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $77.47. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a market cap of $621.20 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 3.81 and a beta of 0.50. The company has a 50-day moving average price of $70.55 and a 200-day moving average price of $64.67.

Walmart (NYSE:WMT) last released 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.