Walmart Inc. (NYSE:WMT) Shares Purchased by CFM Wealth Partners LLC

CFM Wealth Partners LLC raised its stake in Walmart Inc. (NYSE:WMTGet Rating) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,390 shares of the retailer’s stock after purchasing an additional 93 shares during the period. CFM Wealth Partners LLC’s holdings in Walmart were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Rafferty Asset Management LLC boosted its holdings in Walmart by 4.3% in the fourth quarter. Rafferty Asset Management LLC now owns 6,844 shares of the retailer’s stock valued at $990,000 after purchasing an additional 284 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Walmart by 2.6% in the 4th quarter. Eagle Asset Management Inc. now owns 59,683 shares of the retailer’s stock valued at $8,544,000 after buying an additional 1,509 shares in the last quarter. PFS Investments Inc. grew its position in shares of Walmart by 8.7% in the 4th quarter. PFS Investments Inc. now owns 11,700 shares of the retailer’s stock valued at $1,693,000 after buying an additional 941 shares during the last quarter. Gabelli Funds LLC lifted its position in Walmart by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 53,500 shares of the retailer’s stock valued at $7,741,000 after acquiring an additional 200 shares during the last quarter. Finally, Hoylecohen LLC boosted its stake in Walmart by 17.7% in the fourth quarter. Hoylecohen LLC now owns 4,120 shares of the retailer’s stock valued at $596,000 after acquiring an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 31.26% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of several research reports. Morgan Stanley boosted their target price on Walmart from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, August 18th. Piper Sandler initiated coverage on Walmart in a research note on Wednesday, August 3rd. They issued a “neutral” rating and a $135.00 price objective for the company. Royal Bank of Canada lifted their target price on shares of Walmart from $135.00 to $151.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Cowen decreased their price target on shares of Walmart from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Tuesday, July 26th. Finally, Robert W. Baird upped their target price on shares of Walmart from $140.00 to $155.00 in a report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.41.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $135.63, for a total transaction of $1,316,696.04. Following the transaction, the chief executive officer now directly owns 1,497,747 shares in the company, valued at $203,139,425.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director S Robson Walton sold 44,880 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $134.00, for a total transaction of $6,013,920.00. Following the completion of the sale, the director now directly owns 282,814,794 shares in the company, valued at approximately $37,897,182,396. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $135.63, for a total value of $1,316,696.04. Following the sale, the chief executive officer now directly owns 1,497,747 shares of the company’s stock, valued at approximately $203,139,425.61. The disclosure for this sale can be found here. In the last three months, insiders sold 2,152,124 shares of company stock valued at $297,159,579. Company insiders own 47.06% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $133.19 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.24 and a current ratio of 0.84. The business’s fifty day moving average price is $131.95 and its two-hundred day moving average price is $136.27. The stock has a market cap of $361.51 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 4.14 and a beta of 0.52. Walmart Inc. has a one year low of $117.27 and a one year high of $160.77.

Walmart (NYSE:WMTGet Rating) last issued its quarterly earnings data on Tuesday, August 16th. The retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.17. The business had revenue of $152.86 billion for the quarter, compared to the consensus estimate of $149.96 billion. Walmart had a return on equity of 18.95% and a net margin of 2.36%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 earnings per share. On average, analysts forecast that Walmart Inc. will post 5.85 EPS for the current fiscal year.

About Walmart

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Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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