Walmart Inc. (NYSE:WMT) Shares Bought by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,805 shares of the retailer’s stock after purchasing an additional 1,116 shares during the period. L. Roy Papp & Associates LLP’s holdings in Walmart were worth $1,206,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Walmart

In related news, Director S Robson Walton sold 1,562,239 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $65.00, for a total transaction of $101,545,535.00. Following the completion of the sale, the director now directly owns 642,949,611 shares of the company’s stock, valued at approximately $41,791,724,715. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director S Robson Walton sold 1,562,239 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $65.00, for a total transaction of $101,545,535.00. Following the completion of the transaction, the director now owns 642,949,611 shares of the company’s stock, valued at approximately $41,791,724,715. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $65.48, for a total value of $1,674,847.44. Following the sale, the executive vice president now owns 415,743 shares of the company’s stock, valued at approximately $27,222,851.64. The disclosure for this sale can be found here. Insiders have sold a total of 8,827,328 shares of company stock worth $584,261,549 over the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.2 %

Shares of WMT stock traded up $0.12 on Friday, hitting $75.70. The company’s stock had a trading volume of 12,273,538 shares, compared to its average volume of 17,546,648. The stock has a market capitalization of $608.90 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 4.04 and a beta of 0.50. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $76.22. The firm’s fifty day moving average price is $69.51 and its 200-day moving average price is $63.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced 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 company 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 business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. Research analysts anticipate that Walmart Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

WMT has been the topic of several recent research reports. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. DA Davidson lifted their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada lifted their price target on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, Guggenheim upped their price objective on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.64.

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.