Intelligence Driven Advisers LLC Takes Position in Walmart Inc. (NYSE:WMT)

Intelligence Driven Advisers LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,313 shares of the retailer’s stock, valued at approximately $224,000.

A number of other large investors have also made changes to their positions in the company. Aveo Capital Partners LLC grew its position in Walmart by 4.8% during the fourth quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock valued at $683,000 after purchasing an additional 197 shares in the last quarter. 9258 Wealth Management LLC grew its position in Walmart by 1.8% during 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 grew its position in Walmart by 58.3% during 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 in the last quarter. Versor Investments LP grew its position in Walmart by 6.3% during the fourth quarter. Versor Investments LP now owns 3,710 shares of the retailer’s stock valued at $585,000 after purchasing an additional 220 shares in the last quarter. Finally, Rossmore Private Capital grew its position in Walmart by 0.3% in the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Down 0.4 %

Shares of NYSE WMT traded down $0.32 during mid-day trading on Friday, hitting $76.64. The company’s stock had a trading volume of 14,548,588 shares, compared to its average volume of 17,411,770. The stock has a market cap of $616.05 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51. The company’s fifty day simple moving average is $71.45 and its 200-day simple moving average is $65.38. 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 one year low of $49.85 and a one year high of $77.81.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. On average, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 40,974 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 635,512,658 shares in the company, valued at approximately $42,445,890,427.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Walmart news, major shareholder Alice L. Walton sold 40,974 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 635,512,658 shares in the company, valued at approximately $42,445,890,427.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The disclosure for this sale can be found here. Insiders have sold 10,144,237 shares of company stock worth $730,497,016 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several recent research reports. The Goldman Sachs Group boosted their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Citigroup boosted their target price on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 target price on shares of Walmart in a research report on Friday, August 16th. Morgan Stanley boosted their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, KeyCorp upped their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Two equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.99.

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.