Eubel Brady & Suttman Asset Management Inc. Increases Position in Walmart Inc. (NYSE:WMT)

Eubel Brady & Suttman Asset Management Inc. lifted its position in shares of Walmart Inc. (NYSE:WMT) by 24.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,229 shares of the retailer’s stock after purchasing an additional 824 shares during the period. Eubel Brady & Suttman Asset Management Inc.’s holdings in Walmart were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Aveo Capital Partners LLC boosted its position in shares of Walmart by 4.8% during the 4th quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock worth $683,000 after acquiring an additional 197 shares in the last quarter. 9258 Wealth Management LLC boosted its holdings in Walmart by 1.8% in the fourth quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock valued at $2,045,000 after purchasing an additional 235 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in Walmart by 58.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer’s stock valued at $1,033,000 after purchasing an additional 2,443 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Walmart by 3.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 69,118 shares of the retailer’s stock valued at $10,896,000 after purchasing an additional 2,036 shares during the last quarter. Finally, Partnership Wealth Management LLC acquired a new stake in Walmart during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WMT. Guggenheim increased their target price on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. HSBC raised their price objective on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Citigroup boosted their target price on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Truist Financial raised 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. Finally, Stifel Nicolaus lifted their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Two investment 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, the company has a consensus rating of “Moderate Buy” and an average price target of $78.99.

Insider Buying and Selling at Walmart

In other news, major shareholder S Robson Walton sold 1,244,347 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 633,518,311 shares of the company’s stock, valued at approximately $42,211,325,061.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder S Robson Walton sold 1,244,347 shares of the firm’s stock in a transaction on 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 completion of 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 SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction on 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 transaction, the insider now directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,510,437 shares of company stock valued at $487,759,176. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.2 %

Shares of WMT stock opened at $77.21 on Tuesday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $77.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The business’s fifty day moving average price is $71.64 and its 200 day moving average price is $65.62. The firm has a market capitalization of $620.63 billion, a PE ratio of 33.10, a P/E/G ratio of 3.84 and a beta of 0.51.

Walmart (NYSE:WMT) last posted 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the prior year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

About Walmart

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.