Ranch Capital Advisors Inc. Purchases 734 Shares of Walmart Inc. (NYSE:WMT)

Ranch Capital Advisors Inc. raised its position in Walmart Inc. (NYSE:WMT) by 18.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,737 shares of the retailer’s stock after acquiring an additional 734 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in Walmart were worth $321,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Aveo Capital Partners LLC boosted its stake in shares of Walmart by 4.8% during the 4th quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock worth $683,000 after acquiring an additional 197 shares during the period. 9258 Wealth Management LLC raised its holdings in Walmart by 1.8% in the 4th quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock valued at $2,045,000 after acquiring an additional 235 shares during the period. Gryphon Financial Partners LLC boosted its holdings in shares of Walmart by 58.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer’s stock worth $1,033,000 after acquiring an additional 2,443 shares during the period. Quest Partners LLC bought a new position in shares of Walmart during the fourth quarter worth approximately $684,000. Finally, Assetmark Inc. lifted its holdings in Walmart by 7.2% during the 4th quarter. Assetmark Inc. now owns 39,055 shares of the retailer’s stock worth $6,157,000 after purchasing an additional 2,607 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walmart news, major shareholder S Robson Walton sold 359,616 shares of Walmart stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the transaction, the insider now owns 603,989,702 shares of the company’s stock, valued at approximately $47,262,194,181.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder S Robson Walton sold 359,616 shares of Walmart stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the sale, the insider now directly owns 603,989,702 shares in the company, valued at $47,262,194,181.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,369,039 shares of company stock worth $959,826,083. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMT. 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. Truist Financial boosted their price objective on shares of Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a report on Friday, August 16th. UBS Group boosted their price target on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. DA Davidson lifted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Barclays increased their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two research 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Trading Down 1.2 %

NYSE WMT opened at $78.05 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.02. The business has a 50 day moving average price of $73.24 and a 200-day moving average price of $66.65. The company has a market cap of $627.80 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 4.03 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.