SeaBridge Investment Advisors LLC Has $4.30 Million Position in Walmart Inc. (NYSE:WMT)

SeaBridge Investment Advisors LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,447 shares of the retailer’s stock after acquiring an additional 2,399 shares during the quarter. Walmart comprises approximately 1.1% of SeaBridge Investment Advisors LLC’s holdings, making the stock its 27th largest position. SeaBridge Investment Advisors LLC’s holdings in Walmart were worth $4,296,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. EntryPoint Capital LLC bought a new stake in Walmart in the first quarter worth $25,000. Northwest Capital Management Inc lifted its position in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the last quarter. TruNorth Capital Management LLC boosted its stake in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart during the 2nd quarter valued at about $29,000. Finally, Partnership Wealth Management LLC bought a new position in shares of Walmart in the 4th quarter valued at approximately $30,000. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Shares of WMT traded up $0.81 during trading hours on Friday, hitting $77.23. The stock had a trading volume of 23,229,975 shares, compared to its average volume of 17,739,604. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $77.47. The stock has a market capitalization of $621.20 billion, a price-to-earnings ratio of 33.05, a P/E/G ratio of 3.87 and a beta of 0.50. The company’s fifty day moving average is $70.55 and its two-hundred day moving average is $64.73. 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 (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. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.61 EPS. On average, analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WMT. Evercore ISI boosted their price objective on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Bank of America upped their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. BMO Capital Markets reissued an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. Morgan Stanley raised their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $78.64.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $65.48, for a total value of $1,674,847.44. Following the completion of the sale, the executive vice president now owns 415,743 shares in the company, valued at approximately $27,222,851.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Alice L. Walton sold 1,250,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $66.11, for a total value of $82,637,500.00. Following the transaction, the insider now owns 640,532,611 shares in the company, valued at $42,345,610,913.21. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $65.48, for a total transaction of $1,674,847.44. Following the transaction, the executive vice president now owns 415,743 shares in the company, valued at $27,222,851.64. The disclosure for this sale can be found here. Insiders have sold a total of 6,332,089 shares of company stock worth $422,145,654 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

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.