Victory Capital Management increased its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 3.0% in the second quarter, according to the company’s latest disclosure filed with the Securities and Exchange Commission (SEC). The institutional investor now owns 1,095,367 shares of the retailer’s stock after acquiring an additional 31,665 shares during the period. Victory Capital Management’s holdings in Walmart stock were worth $172.17 million at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their positions in WMT. GW Hensler & Associates lifted its holdings in shares of Walmart by 0.8% in the 1st quarter. GW Henssler & Associates Ltd. now owns 126,558 shares of the company’s stock valued at $18,661,000 after purchasing an additional 1,004 shares during the last quarter. Wiley Brothers Aintree Capital LLC raised its stake in Walmart by 0.8% in the 1st quarter. Wiley Brothers Aintree Capital LLC now owns 11,803 shares of the company’s stock worth $1.74 million after purchasing an additional 94 shares during the last quarter. Inspirion Wealth Advisors LLC increased his position in shares of Walmart by 7.8% during the 2nd quarter. Inspirion Wealth Advisors LLC now owns 2,071 shares of the company’s stock worth $326,000 after purchasing an additional 150 shares in the last quarter. Avitas Wealth Management LLC lifted its stake in shares of Walmart by 0.7% in the 2nd quarter. Avitas Wealth Management LLC now owns 51,561 shares of the company’s stock valued at $8,104,000 after purchasing an additional 350 shares during the last quarter. Finally, WJ Interests LLC bought a new position in shares of Walmart in the 2nd quarter valued at approximately $247,000. Institutional investors and hedge funds own 33.18% of the company’s stock.
Walmart stock 0.5%
WMT opened at $158.96 on Friday. His 50 day simple moving average for this company is $160.60 and his 200 day simple moving average is $155.31. Walmart’s 52-week low is $128.37 and 52-week high is $165.85. The company has a quick ratio of 0.26, a current ratio of 0.83, and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $427.85 billion, a P/E ratio of 30.57x, a P/E ratio of 3.68x, and a beta of 0.49x.
Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings data on Thursday, August 17th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.69 by $0.15. The company had revenue of $161.63 billion for the quarter, compared to analyst expectations of $160.22 billion. Walmart’s return on equity was 21.47% and its net profit margin was 2.23%. The company’s revenue increased by 5.7% year-on-year. In the same period last year, the company’s EPS was $1.77. As a group, research analysts expect Walmart to post earnings per share of $6.44 for the current fiscal year.
Insider trading at Walmart
In related news, EVP John D. Rainey sold 1,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $159.48, for a total transaction of $159,480.00. Following the transaction, the executive vice president now owns 170,735 shares of the company’s stock, valued at approximately $27,228,817.80. The transaction was disclosed in a legal filing with the SEC, which is available on his website at the SEC. In other Walmart news, CEO C. Douglas McMillon sold 9,708 shares of Walmart stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $159.58, for a total value of $1,549,202.64. Following the transaction, the CEO now directly owns 1,480,924 shares of the company’s stock, valued at approximately $236,325,851.92. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which is available on the SEC’s website. Also, EVP John D. Rainey sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $159.48, for a total value of $159,480.00. Following the completion of the sale, the executive vice president will now own 170,735 shares of the company’s stock, valued at approximately $27,228,817.80. Disclosures regarding this sale can be found here. Over the past 90 days, insiders have sold 31,166 shares of company stock, valued at $5,011,557. 46.51% of the shares are currently owned by insiders.
Analyst sets new price target
A number of brokerages have recently commented on WMT. Raymond James upped their target price on Walmart from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, August 18th. Ross Mkm increased their target price on shares of Walmart from $169.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Bank of America increased their target price on shares of Walmart from $175.00 to $190.00 in a research report on Wednesday, August 9th. Robert W. Baird increased their target price on shares of Walmart from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Finally, Evercore ISI increased their target price on shares of Walmart from $175.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Four equity research analysts have rated the stock with a hold rating, 30 have rated it a buy, and one has given a strong buy rating to the stock. Walmart currently has an average rating of “fair buy” and a consensus price target of $177.22, according to MarketBeat data.
Get the latest stock report on Walmart
walmart profile
(Free report)
Walmart Inc is engaged in retail, wholesale, and other segment operations throughout the world. The company operates through three segments: Walmart US, Walmart International, and Sam’s Club. The company operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores, and discount stores under the Walmart and Walmart Neighborhood Market brands. A members-only warehouse club. E-commerce websites such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com. and mobile commerce applications.
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Curious if other hedge funds own WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Walmart Inc. (NYSE:WMT – Free Report).
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