CapWealth Advisors LLC Has $608,000 Holdings in Walmart Inc. (NYSE:WMT)

CapWealth Advisors LLC raised its position in Walmart Inc. (NYSE:WMT) by 1.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 8,985 shares of the retailer’s stock after purchasing an additional 159 shares during the period. CapWealth Advisors LLC’s holdings in Walmart were worth $608,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of WMT. EntryPoint Capital LLC acquired a new stake in Walmart during the 1st quarter worth about $25,000. Northwest Capital Management Inc boosted its position in shares of 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 purchasing an additional 293 shares in the last quarter. TruNorth Capital Management LLC grew its stake in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in Walmart in the second quarter worth approximately $29,000. Finally, Partnership Wealth Management LLC acquired a new position in Walmart in the fourth quarter valued at approximately $30,000. 26.76% of the stock is owned by institutional investors.

Walmart Trading Down 0.4 %

NYSE:WMT opened at $76.96 on Friday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $77.81. The firm has a 50-day moving average price of $71.27 and a two-hundred day moving average price of $65.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The firm has a market cap of $618.62 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Morgan Stanley lifted their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Bank of America increased their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Citigroup boosted their target price on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Truist Financial upped their price target on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $78.99.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The disclosure for this sale can be found here. Insiders have sold 10,144,237 shares of company stock worth $730,497,016 in the last ninety days. Company insiders own 45.58% of the company’s stock.

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.