Walmart Inc. (NYSE:WMT) Holdings Raised by Sage Rhino Capital LLC

Sage Rhino Capital LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 2.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,893 shares of the retailer’s stock after purchasing an additional 149 shares during the quarter. Sage Rhino Capital LLC’s holdings in Walmart were worth $399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. Vanguard Group Inc. raised its position in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Norges Bank bought a new stake in shares of Walmart during the 4th quarter worth about $3,674,652,000. Bank of New York Mellon Corp boosted its stake in shares of Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after acquiring an additional 18,865,484 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after acquiring an additional 8,674,100 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WMT shares. Raymond James increased their price objective on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. HSBC upped their target price on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Tigress Financial increased their price objective on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company increased their price objective on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Evercore ISI increased their price objective on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Two 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.64.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $65.48, for a total value of $1,674,847.44. Following the sale, the executive vice president now owns 415,743 shares of the company’s stock, valued at approximately $27,222,851.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $65.48, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 6,332,089 shares of company stock valued at $422,145,654. 45.58% of the stock is owned by insiders.

Walmart Stock Up 1.1 %

Shares of NYSE WMT traded up $0.81 during mid-day trading on Friday, reaching $77.23. 23,229,975 shares of the company’s stock were exchanged, compared to its average volume of 17,417,189. The firm has a market capitalization of $621.20 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 3.81 and a beta of 0.50. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $70.36 and a 200 day simple moving average of $64.53. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $77.47.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) 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 business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the firm earned $0.61 EPS. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts expect 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.