Tennessee Valley Asset Management Partners Grows Position in Walmart Inc. (NYSE:WMT)

Tennessee Valley Asset Management Partners boosted its stake in Walmart Inc. (NYSE:WMT) by 82.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,411 shares of the retailer’s stock after buying an additional 3,808 shares during the period. Tennessee Valley Asset Management Partners’ holdings in Walmart were worth $570,000 at the end of the most recent quarter.

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

Walmart Stock Up 1.2 %

Shares of NYSE WMT opened at $80.60 on Friday. The stock has a market cap of $647.88 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $80.68. The business has a 50-day moving average price of $72.51 and a 200 day moving average price of $66.14. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. Equities research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Walmart news, major shareholder Jim C. Walton sold 934,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the transaction, the insider now owns 610,843,318 shares in the company, valued at approximately $48,537,610,048.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,203,360 shares of company stock worth $788,678,803. 45.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Tigress Financial raised their target price on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. TD Cowen lifted their price objective on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. KeyCorp increased their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Telsey Advisory Group raised their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Roth Mkm upped their price objective on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.