Walmart Inc. (NYSE:WMT) Shares Acquired by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 38.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,734 shares of the retailer’s stock after purchasing an additional 8,017 shares during the period. Beam Wealth Advisors Inc.’s holdings in Walmart were worth $1,946,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Sachetta LLC raised its holdings in Walmart by 254.3% in the 2nd quarter. Sachetta LLC now owns 2,859 shares of the retailer’s stock valued at $198,000 after acquiring an additional 2,052 shares during the last quarter. Bright Futures Wealth Management LLC. grew its position in shares of Walmart by 3.5% in the second quarter. Bright Futures Wealth Management LLC. now owns 10,271 shares of the retailer’s stock valued at $703,000 after purchasing an additional 343 shares in the last quarter. Insight Inv LLC increased its holdings in shares of Walmart by 6.8% in the second quarter. Insight Inv LLC now owns 38,366 shares of the retailer’s stock valued at $2,598,000 after purchasing an additional 2,450 shares during the last quarter. Royal London Asset Management Ltd. lifted its position in Walmart by 2.6% during the second quarter. Royal London Asset Management Ltd. now owns 1,855,610 shares of the retailer’s stock worth $125,643,000 after buying an additional 47,226 shares in the last quarter. Finally, LGT Fund Management Co Ltd. boosted its stake in Walmart by 23.3% during the second quarter. LGT Fund Management Co Ltd. now owns 83,083 shares of the retailer’s stock worth $5,626,000 after buying an additional 15,703 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $77.35 on Tuesday. The company has a market capitalization of $621.76 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 3.84 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $77.81. 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 $71.64 and a 200 day moving average price of $65.62.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Alice L. Walton sold 40,974 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $66.79, for a total transaction of $2,736,653.46. Following the completion of the sale, the insider now owns 635,512,658 shares in the company, valued at approximately $42,445,890,427.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the transaction, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The disclosure for this sale can be found here. Insiders sold 6,510,437 shares of company stock worth $487,759,176 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WMT shares. Roth Mkm lifted their price target on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. The Goldman Sachs Group lifted their price objective 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. raised their target price on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Evercore ISI lifted their target price on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Tigress Financial increased their price target on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus 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.