Walmart Inc. (NYSE:WMT) Shares Bought by Carson Advisory Inc.

Carson Advisory Inc. lifted its position in shares of Walmart Inc. (NYSE:WMT) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,921 shares of the retailer’s stock after purchasing an additional 777 shares during the quarter. Carson Advisory Inc.’s holdings in Walmart were worth $739,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. MGO One Seven LLC boosted its holdings in Walmart by 0.9% during the second quarter. MGO One Seven LLC now owns 72,582 shares of the retailer’s stock worth $4,915,000 after buying an additional 654 shares in the last quarter. AMJ Financial Wealth Management raised its position in shares of Walmart by 2.1% in the second quarter. AMJ Financial Wealth Management now owns 55,161 shares of the retailer’s stock worth $3,735,000 after acquiring an additional 1,119 shares during the period. Steigerwald Gordon & Koch Inc. boosted its stake in shares of Walmart by 2.5% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 292,078 shares of the retailer’s stock worth $19,777,000 after acquiring an additional 7,222 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. boosted its stake in shares of Walmart by 24.2% during the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 4,229 shares of the retailer’s stock worth $286,000 after acquiring an additional 824 shares in the last quarter. Finally, Gryphon Financial Partners LLC grew its position in shares of Walmart by 8.7% during the 2nd quarter. Gryphon Financial Partners LLC now owns 21,345 shares of the retailer’s stock valued at $1,445,000 after acquiring an additional 1,709 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Up 1.9 %

Shares of NYSE WMT opened at $78.80 on Wednesday. The company has a market capitalization of $633.41 billion, a P/E ratio of 33.72, a P/E/G ratio of 3.84 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company has a 50 day simple moving average of $71.86 and a 200-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.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America increased their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. KeyCorp increased their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Evercore ISI upped their price objective on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Jefferies Financial Group increased their price objective on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Morgan Stanley upped their price target 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. Two 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the transaction, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder S Robson Walton sold 1,244,347 shares of Walmart 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 completion of the sale, the insider now directly owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the sale, the executive vice president now owns 463,871 shares in the company, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,513,707 shares of company stock valued at $797,374,003. 45.58% of the stock is currently owned by insiders.

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.