Walmart Inc. (NYSE:WMT) Shares Bought by Wrapmanager Inc.

Wrapmanager Inc. raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 13.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,967 shares of the retailer’s stock after buying an additional 1,569 shares during the period. Wrapmanager Inc.’s holdings in Walmart were worth $878,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. AHL Investment Management Inc. lifted its position in shares of Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after acquiring an additional 15,785 shares in the last quarter. Core Wealth Advisors Inc. grew its holdings in shares of Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after buying an additional 420 shares in the last quarter. Liberty Wealth Management LLC acquired a new position in Walmart during the first quarter valued at $270,000. Commerce Bank boosted its position in Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after acquiring an additional 600,521 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after acquiring an additional 200,947 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several research reports. The Goldman Sachs Group raised their price target on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Bank of America increased their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. KeyCorp boosted their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lifted their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $78.99.

Insider Buying and Selling at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the transaction, the insider now owns 610,843,318 shares in the company, valued at approximately $48,537,610,048.28. The disclosure for this sale can be found here. Insiders sold a total of 10,203,360 shares of company stock worth $788,678,803 over the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 1.2 %

Shares of NYSE:WMT opened at $80.60 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 firm has a market cap of $647.88 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 3.99 and a beta of 0.51. The company’s fifty day simple moving average is $72.51 and its 200 day simple moving average is $66.09. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $80.68.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.