Walmart Inc. (NYSE:WMT) Stock Position Raised by Bcwm LLC

Bcwm LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 1.2% during the second quarter, HoldingsChannel.com reports. The fund owned 127,842 shares of the retailer’s stock after acquiring an additional 1,544 shares during the period. Walmart accounts for about 3.1% of Bcwm LLC’s portfolio, making the stock its 11th biggest position. Bcwm LLC’s holdings in Walmart were worth $8,656,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairfield Financial Advisors LTD bought a new stake in shares of Walmart in the 2nd quarter worth approximately $167,000. Tennessee Valley Asset Management Partners increased its position in Walmart by 82.7% in the second quarter. Tennessee Valley Asset Management Partners now owns 8,411 shares of the retailer’s stock worth $570,000 after buying an additional 3,808 shares during the period. Plato Investment Management Ltd lifted its stake in Walmart by 5.3% in the second quarter. Plato Investment Management Ltd now owns 96,932 shares of the retailer’s stock valued at $6,563,000 after buying an additional 4,893 shares during the last quarter. Poehling Capital Management INC. boosted its holdings in shares of Walmart by 5.6% during the second quarter. Poehling Capital Management INC. now owns 5,683 shares of the retailer’s stock valued at $385,000 after acquiring an additional 300 shares during the period. Finally, Pinion Investment Advisors LLC grew its position in shares of Walmart by 1.1% during the second quarter. Pinion Investment Advisors LLC now owns 23,148 shares of the retailer’s stock worth $1,567,000 after acquiring an additional 241 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the transaction, the executive vice president now directly owns 463,871 shares in the company, valued at $32,239,034.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’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 transaction, the executive vice president now directly owns 463,871 shares in the company, valued at approximately $32,239,034.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jim C. Walton sold 934,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the completion of the sale, the insider now directly owns 610,843,318 shares in the company, valued at $48,537,610,048.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,203,360 shares of company stock worth $788,678,803. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT opened at $80.60 on Monday. 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 Inc. has a one year low of $49.85 and a one year high of $80.68. The business’s 50-day moving average price is $72.51 and its two-hundred day moving average price is $66.18. The company has a market capitalization of $647.88 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51.

Walmart (NYSE:WMT) last posted 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 net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company’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 fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on WMT shares. KeyCorp boosted their target price on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. The Goldman Sachs Group boosted their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Jefferies Financial Group increased their price objective on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Telsey Advisory Group lifted their target price on Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Walmart 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.