Fonville Wealth Management LLC Purchases New Holdings in Walmart Inc. (NYSE:WMT)

Fonville Wealth Management LLC purchased a new stake in Walmart Inc. (NYSE:WMT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,339 shares of the retailer’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WMT. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc increased its holdings in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. TruNorth Capital Management LLC increased its holdings in shares of Walmart by 138.3% in the second 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 stake in shares of Walmart in the second quarter valued at approximately $29,000. Finally, Partnership Wealth Management LLC bought a new position in Walmart in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on WMT. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada raised their price objective on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Robert W. Baird raised their price objective on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Jefferies Financial Group raised their price objective on shares of Walmart from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Bank of America raised their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $78.64.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 1,250,000 shares of Walmart stock in a transaction on Friday, June 7th. The shares were sold at an average price of $66.11, for a total value of $82,637,500.00. Following the sale, the insider now directly owns 640,532,611 shares in the company, valued at approximately $42,345,610,913.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $65.48, for a total transaction of $1,674,847.44. Following the transaction, the executive vice president now directly owns 415,743 shares in the company, valued at approximately $27,222,851.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 1,250,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the transaction, the insider now owns 640,532,611 shares in the company, valued at $42,345,610,913.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,332,089 shares of company stock worth $422,145,654. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.1 %

WMT stock traded up $0.81 during midday trading on Friday, hitting $77.23. The company’s stock had a trading volume of 23,229,975 shares, compared to its average volume of 17,417,189. 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 Inc. has a twelve month low of $49.85 and a twelve month high of $77.47. The company’s fifty day moving average price is $70.55 and its 200 day moving average price is $64.67. The stock has a market capitalization of $621.20 billion, a P/E ratio of 33.00, a PEG ratio of 3.81 and a beta of 0.50.

Walmart (NYSE:WMT) last issued its quarterly 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 firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period in the previous year, the business earned $0.61 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current 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.