Gentry Private Wealth LLC Takes Position in Walmart Inc. (NYSE:WMT)

Gentry Private Wealth LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the second quarter, HoldingsChannel.com reports. The fund purchased 8,656 shares of the retailer’s stock, valued at approximately $586,000. Walmart comprises about 0.5% of Gentry Private Wealth LLC’s holdings, making the stock its 29th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Lake Street Advisors Group LLC lifted its stake in shares of Walmart by 2.8% in the 2nd quarter. Lake Street Advisors Group LLC now owns 31,154 shares of the retailer’s stock worth $2,109,000 after purchasing an additional 848 shares during the period. Lloyd Advisory Services LLC. bought a new position in shares of Walmart in the 2nd quarter worth approximately $347,000. Savant Capital LLC lifted its stake in shares of Walmart by 4.0% in the 2nd quarter. Savant Capital LLC now owns 219,660 shares of the retailer’s stock worth $14,873,000 after purchasing an additional 8,397 shares during the period. Sustainable Insight Capital Management LLC lifted its stake in shares of Walmart by 78.3% in the 2nd quarter. Sustainable Insight Capital Management LLC now owns 21,411 shares of the retailer’s stock worth $1,450,000 after purchasing an additional 9,400 shares during the period. Finally, Narwhal Capital Management lifted its stake in shares of Walmart by 11.1% in the 2nd quarter. Narwhal Capital Management now owns 15,450 shares of the retailer’s stock worth $1,046,000 after purchasing an additional 1,546 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.4 %

Shares of NYSE:WMT opened at $76.64 on Friday. 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 business has a fifty day moving average of $71.45 and a two-hundred day moving average of $65.38. The stock has a market cap of $616.05 billion, a P/E ratio of 32.82, a PEG ratio of 3.87 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $77.81.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. On average, research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the sale, the insider now owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The disclosure for this sale can be found here. Insiders sold a total of 10,144,237 shares of company stock worth $730,497,016 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. KeyCorp increased their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Roth Mkm raised their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their target price on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Wells Fargo & Company raised their target price on shares of Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Bank of America raised their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.99.

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.