9258 Wealth Management LLC Raises Holdings in Walmart Inc. (NYSE:WMT)

9258 Wealth Management LLC grew its position in Walmart Inc. (NYSE:WMT) by 2.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 40,265 shares of the retailer’s stock after purchasing an additional 958 shares during the quarter. 9258 Wealth Management LLC’s holdings in Walmart were worth $2,726,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WMT. Rossmore Private Capital lifted its stake in shares of Walmart by 0.3% during the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after purchasing an additional 65 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Walmart by 0.3% in the fourth 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 during the last quarter. Landmark Financial Advisors LLC raised its stake in Walmart by 1.0% in the fourth 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 last quarter. MinichMacGregor Wealth Management LLC raised its stake in Walmart by 4.0% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 2,063 shares of the retailer’s stock valued at $325,000 after buying an additional 79 shares during the last quarter. Finally, Lee Financial Co raised its stake in Walmart by 2.1% in the fourth quarter. Lee Financial Co now owns 4,076 shares of the retailer’s stock valued at $644,000 after buying an additional 82 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the transaction, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the sale, the insider now owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder S Robson Walton sold 1,244,347 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $66.63, for a total value of $82,910,840.61. Following the transaction, the insider now directly owns 633,518,311 shares of the company’s stock, valued at approximately $42,211,325,061.93. 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. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.8 %

WMT stock traded down $0.59 during trading hours on Thursday, hitting $76.65. The company’s stock had a trading volume of 4,293,328 shares, compared to its average volume of 17,377,182. 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 stock has a 50 day moving average price of $71.09 and a two-hundred day moving average price of $65.16. The company has a market capitalization of $616.54 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $77.81.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. On average, equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Analysts Set New Price Targets

WMT has been the subject of a number of research analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. The Goldman Sachs Group increased their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. increased their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Raymond James increased their price target on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Finally, Citigroup increased their price objective on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

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.