Catalytic Wealth RIA LLC Purchases 2,626 Shares of Walmart Inc. (NYSE:WMT)

Catalytic Wealth RIA LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 7.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,450 shares of the retailer’s stock after acquiring an additional 2,626 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in Walmart were worth $2,603,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the last quarter. Norges Bank acquired a new stake in Walmart in the fourth quarter valued at approximately $3,674,652,000. Bank of New York Mellon Corp grew its holdings in Walmart by 183.0% in the first 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 last quarter. Finally, Swiss National Bank lifted its holdings in shares of Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after purchasing an additional 8,674,100 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of WMT 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 market capitalization of $621.20 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of 3.87 and a beta of 0.50. The firm’s 50-day moving average is $70.55 and its two-hundred day moving average is $64.73. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion for 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 revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. Analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $65.48, for a total value of $1,674,847.44. Following the completion of the transaction, the executive vice president now directly owns 415,743 shares in the company, valued at $27,222,851.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $65.48, for a total value of $1,674,847.44. Following the completion of the sale, the executive vice president now directly owns 415,743 shares of the company’s stock, valued at approximately $27,222,851.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on 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 owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. The disclosure for this sale can be found here. Insiders sold 6,332,089 shares of company stock worth $422,145,654 in the last three months. 45.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on WMT. Truist Financial increased their price target on Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Raymond James boosted their target price on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Stifel Nicolaus raised their price target on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Bank of America lifted their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company raised their price objective on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Two research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.64.

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.