Marco Investment Management LLC Has $18.14 Million Holdings in Walmart Inc. (NYSE:WMT)

Marco Investment Management LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 267,827 shares of the retailer’s stock after purchasing an additional 3,331 shares during the period. Walmart accounts for approximately 1.7% of Marco Investment Management LLC’s investment portfolio, making the stock its 20th biggest position. Marco Investment Management LLC’s holdings in Walmart were worth $18,135,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. EntryPoint Capital LLC bought a new stake in Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc raised its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. TruNorth Capital Management LLC lifted its position in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in shares of Walmart in the 2nd quarter valued at $29,000. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth $30,000. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $78.80 on Wednesday. The stock has a fifty day simple moving average of $71.86 and a two-hundred day simple moving average of $65.76. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $78.90. 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 firm has a market cap of $633.41 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 3.84 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data 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 net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period in the previous year, the business earned $0.61 EPS. Walmart’s revenue was up 4.7% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on WMT shares. Tigress Financial increased their price target on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Morgan Stanley raised their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Bank of America boosted their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Telsey Advisory Group raised their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Insider Transactions at Walmart

In related news, major shareholder S Robson Walton sold 1,244,347 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $66.63, for a total value of $82,910,840.61. Following the transaction, the insider now owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder S Robson Walton sold 1,244,347 shares of Walmart stock in a transaction on Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the sale, the insider now owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. The disclosure for this sale can be found here. Insiders have sold 10,513,707 shares of company stock valued at $797,374,003 in the last quarter. Insiders own 45.58% of the company’s stock.

About Walmart

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.