Certuity LLC Increases Holdings in Walmart Inc. (NYSE:WMT)

Certuity LLC raised its stake in Walmart Inc. (NYSE:WMT) by 15.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,839 shares of the retailer’s stock after purchasing an additional 3,098 shares during the quarter. Certuity LLC’s holdings in Walmart were worth $1,551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sheaff Brock Investment Advisors LLC boosted its holdings in Walmart by 0.3% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after acquiring an additional 65 shares during the period. Landmark Financial Advisors LLC grew its holdings in Walmart by 1.0% during the 4th quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock valued at $1,112,000 after purchasing an additional 70 shares in the last quarter. MinichMacGregor Wealth Management LLC increased its stake in Walmart by 4.0% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 2,063 shares of the retailer’s stock worth $325,000 after buying an additional 79 shares during the period. Lee Financial Co lifted its holdings in Walmart by 2.1% in the 4th quarter. Lee Financial Co now owns 4,076 shares of the retailer’s stock worth $644,000 after buying an additional 82 shares in the last quarter. Finally, Syverson Strege & Co lifted its holdings in Walmart by 2.6% in the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WMT. Barclays lifted their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. The Goldman Sachs Group upped their target price on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Piper Sandler reissued an “overweight” rating and set a $83.00 price target (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. Citigroup lifted their price target on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Robert W. Baird increased 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. 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. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 40,974 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $66.79, for a total transaction of $2,736,653.46. Following the completion of the transaction, the insider now directly owns 635,512,658 shares of the company’s stock, valued at approximately $42,445,890,427.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,144,237 shares of company stock valued at $730,497,016. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Down 0.4 %

Shares of NYSE:WMT opened at $76.64 on Friday. 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 company’s 50-day moving average price is $71.45 and its 200 day moving average price is $65.43. The company has a market cap of $616.05 billion, a PE ratio of 32.80, a P/E/G ratio of 3.87 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $77.81.

Walmart (NYSE:WMT) last released 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

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.