Walmart Inc. (NYSE:WMT) Shares Purchased by Professional Financial Advisors LLC

Professional Financial Advisors LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,003 shares of the retailer’s stock after purchasing an additional 154 shares during the period. Professional Financial Advisors LLC’s holdings in Walmart were worth $1,101,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. AMI Investment Management Inc. boosted its stake in shares of Walmart by 1.6% in the first quarter. AMI Investment Management Inc. now owns 8,269 shares of the retailer’s stock valued at $1,231,000 after purchasing an additional 132 shares during the period. Zions Bancorporation N.A. grew its stake in shares of Walmart by 36.8% during the first quarter. Zions Bancorporation N.A. now owns 4,820 shares of the retailer’s stock valued at $718,000 after acquiring an additional 1,296 shares in the last quarter. Covestor Ltd increased its position in shares of Walmart by 31.7% during the first quarter. Covestor Ltd now owns 1,162 shares of the retailer’s stock worth $173,000 after acquiring an additional 280 shares during the last quarter. Ergoteles LLC lifted its stake in shares of Walmart by 123.9% in the first quarter. Ergoteles LLC now owns 10,566 shares of the retailer’s stock worth $1,573,000 after acquiring an additional 5,847 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Walmart by 1.7% in the first quarter. Mackenzie Financial Corp now owns 857,839 shares of the retailer’s stock valued at $127,749,000 after purchasing an additional 13,985 shares during the last quarter. 33.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $155.04, for a total value of $1,505,128.32. Following the transaction, the chief executive officer now directly owns 1,490,621 shares of the company’s stock, valued at $231,105,879.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $155.04, for a total transaction of $1,505,128.32. Following the completion of the sale, the chief executive officer now directly owns 1,490,621 shares of the company’s stock, valued at approximately $231,105,879.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $161.37, for a total value of $161,370.00. Following the completion of the sale, the executive vice president now directly owns 169,735 shares of the company’s stock, valued at approximately $27,390,136.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,493,773 shares of company stock valued at $1,005,802,298. Corporate insiders own 46.51% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $163.42 on Tuesday. Walmart Inc. has a 1 year low of $128.07 and a 1 year high of $165.85. The stock’s 50-day moving average price is $159.34 and its two-hundred day moving average price is $152.70. The company has a market cap of $439.85 billion, a PE ratio of 31.43, a PEG ratio of 3.89 and a beta of 0.49. The company has a current ratio of 0.83, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 17th. The retailer reported $1.84 EPS for the quarter, beating the consensus estimate of $1.69 by $0.15. The business had revenue of $161.63 billion during the quarter, compared to the consensus estimate of $160.22 billion. Walmart had a net margin of 2.23% and a return on equity of 21.47%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 EPS. On average, analysts predict that Walmart Inc. will post 6.44 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Bank of America increased their target price on Walmart from $175.00 to $190.00 in a research note on Wednesday, August 9th. UBS Group raised their price objective on shares of Walmart from $173.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Morgan Stanley upped their target price on shares of Walmart from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. Citigroup raised their price objective on Walmart from $174.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, August 21st. Finally, TD Cowen reiterated an “outperform” rating and set a $185.00 price target on shares of Walmart in a research report on Tuesday, September 5th. Four equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $176.51.

About Walmart

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 under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.