Wealth Dimensions Group Ltd. Raises Holdings in Walmart Inc. (NYSE:WMT)

Wealth Dimensions Group Ltd. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 7,520 shares of the retailer’s stock after buying an additional 222 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in Walmart were worth $509,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. AHL Investment Management Inc. raised its holdings in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after buying an additional 15,785 shares during the period. Core Wealth Advisors Inc. increased its position in shares of Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after acquiring an additional 420 shares during the last quarter. Liberty Wealth Management LLC acquired a new stake in shares of Walmart during the first quarter valued at about $270,000. Commerce Bank raised its stake in shares of Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after acquiring an additional 200,947 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was 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 of the company’s stock, valued at $48,537,610,048.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Jim C. Walton sold 934,000 shares of the company’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 of the company’s stock, valued at $48,537,610,048.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The disclosure for this sale can be found here. Insiders have sold 10,203,360 shares of company stock worth $788,678,803 in the last quarter. 45.58% of the stock is owned by insiders.

Walmart Stock Up 1.2 %

Shares of NYSE:WMT opened at $80.60 on Monday. The firm has a 50 day simple moving average of $72.51 and a 200-day simple moving average of $66.18. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $80.68. 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 company has a market capitalization of $647.88 billion, a PE ratio of 34.49, a P/E/G ratio of 3.99 and a beta of 0.51.

Walmart (NYSE:WMT) last announced 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 net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. On average, equities analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. UBS Group boosted their price objective on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Guggenheim lifted their target price on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Truist Financial increased their price target on shares of Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Two investment 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.com, the stock 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.