Walmart Inc. (NYSE:WMT) Shares Bought by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,544 shares of the retailer’s stock after purchasing an additional 1,911 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Walmart were worth $3,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rossmore Private Capital lifted its stake in Walmart by 0.3% in the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after buying an additional 65 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its position in Walmart by 0.3% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after buying an additional 65 shares during the period. Landmark Financial Advisors LLC increased 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 worth $1,112,000 after buying an additional 70 shares during the period. 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 valued at $325,000 after purchasing an additional 79 shares during the period. Finally, Lee Financial Co increased its position in shares of Walmart by 2.1% during the fourth quarter. Lee Financial Co now owns 4,076 shares of the retailer’s stock valued at $644,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Oppenheimer increased their target price on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Barclays increased their target price on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. TD Cowen increased their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group increased their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two investment 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. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $78.64.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were 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 owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. Insiders have sold 6,306,511 shares of company stock worth $420,470,807 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT traded up $0.52 on Tuesday, hitting $77.75. The company had a trading volume of 6,962,754 shares, compared to its average volume of 17,355,377. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $77.81. The stock has a market cap of $625.39 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 3.87 and a beta of 0.51. The stock has a 50 day moving average price of $70.71 and a 200 day moving average price of $64.93. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The business 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 was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. Analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

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.