Adapt Wealth Advisors LLC Takes $208,000 Position in Walmart Inc. (NYSE:WMT)

Adapt Wealth Advisors LLC bought a new stake in Walmart Inc. (NYSE:WMT) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,065 shares of the retailer’s stock, valued at approximately $208,000.

Several other hedge funds have also bought and sold shares of WMT. EntryPoint Capital LLC acquired a new position in shares of Walmart during the 1st quarter worth approximately $25,000. Northwest Capital Management Inc lifted its stake in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the last quarter. TruNorth Capital Management LLC boosted its holdings in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. acquired a new position in Walmart in the 2nd quarter valued at about $29,000. Finally, Partnership Wealth Management LLC bought a new position in Walmart in the 4th quarter valued at about $30,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WMT. UBS Group boosted their price objective on Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Guggenheim upped their price objective on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. TD Cowen lifted their target price on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. HSBC upped their price target on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Finally, KeyCorp increased their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 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. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

Insider Buying and Selling

In other news, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the transaction, the insider now owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now directly owns 658,665 shares of the company’s stock, valued at $44,031,755.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the completion of the sale, the insider now owns 633,518,311 shares in the company, valued at approximately $42,211,325,061.93. The disclosure for this sale can be found here. Insiders have sold a total of 6,510,437 shares of company stock valued at $487,759,176 over the last ninety days. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

Shares of Walmart stock opened at $76.64 on Monday. The business has a 50-day moving average price of $71.45 and a two-hundred day moving average price of $65.48. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $77.81. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market cap of $616.05 billion, a P/E ratio of 32.80, a PEG ratio of 3.84 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its 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 the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. As a group, analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

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.