Embree Financial Group Purchases 235 Shares of Walmart Inc. (NYSE:WMT)

Embree Financial Group lifted its position in shares of Walmart Inc. (NYSE:WMT) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,133 shares of the retailer’s stock after purchasing an additional 235 shares during the period. Embree Financial Group’s holdings in Walmart were worth $618,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Partnership Wealth Management LLC bought a new stake in Walmart in the fourth quarter valued at approximately $30,000. Able Wealth Management LLC bought a new stake in Walmart in the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart during the 4th quarter valued at $32,000. Tidemark LLC bought a new position in Walmart during the fourth quarter worth $37,000. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of Walmart in the fourth quarter valued at $48,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 1.1 %

WMT stock opened at $77.23 on Monday. The firm has a 50-day moving average price of $70.55 and a 200-day moving average price of $64.79. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $77.47. 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 stock has a market capitalization of $621.20 billion, a P/E ratio of 33.05, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WMT shares. Jefferies Financial Group lifted their target price on shares of Walmart from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Morgan Stanley boosted their price objective on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. The Goldman Sachs Group boosted their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.64.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the transaction, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the transaction, the insider now owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, the executive vice president now directly owns 463,871 shares in the company, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. Insiders have sold a total of 6,306,511 shares of company stock valued at $420,470,807 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

About Walmart

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.