Fermata Advisors LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 105.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,070 shares of the retailer’s stock after acquiring an additional 4,150 shares during the period. Fermata Advisors LLC’s holdings in Walmart were worth $546,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Walmart by 183.0% in the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after buying an additional 18,865,484 shares during the period. Norges Bank bought a new stake in Walmart in the 4th quarter valued at about $3,674,652,000. Finally, Raymond James & Associates raised its stake in Walmart by 212.6% during the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after buying an additional 9,544,958 shares during the period. 26.76% of the stock is owned by institutional investors.
Insider Buying and Selling at Walmart
In other news, Director S Robson Walton sold 3,540,250 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the sale, the director now owns 648,504,011 shares in the company, valued at $41,860,933,910.05. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director S Robson Walton sold 3,540,250 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $64.55, for a total value of $228,523,137.50. Following the sale, the director now owns 648,504,011 shares in the company, valued at $41,860,933,910.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,540,863 shares of company stock valued at $954,455,147. Corporate insiders own 45.58% of the company’s stock.
Walmart Trading Up 0.4 %
Walmart (NYSE:WMT – Get Free Report) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
WMT has been the subject of a number of research reports. DA Davidson raised their price objective on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. HSBC upped their price objective on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Telsey Advisory Group reiterated an “outperform” rating and set a $75.00 price objective on shares of Walmart in a report on Friday. Piper Sandler started coverage on Walmart in a research note on Wednesday, July 10th. They issued an “overweight” rating and a $81.00 price objective for the company. Finally, Bank of America increased their price target on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.09.
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.
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