TPG Advisors LLC Takes Position in Walmart Inc. (NYSE:WMT)

TPG Advisors LLC purchased a new position in Walmart Inc. (NYSE:WMT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,527 shares of the retailer’s stock, valued at approximately $442,000.

Several other institutional investors have also bought and sold shares of the company. Able Wealth Management LLC bought a new position in Walmart during the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Walmart in the 4th quarter valued at approximately $32,000. Tidemark LLC purchased a new stake in shares of Walmart during the fourth quarter worth $37,000. Frank Rimerman Advisors LLC bought a new position in shares of Walmart in the fourth quarter worth $48,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Walmart in the first quarter valued at $25,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.3 %

NYSE WMT opened at $79.06 on Friday. The stock has a market capitalization of $635.92 billion, a PE ratio of 33.79, a PEG ratio of 4.03 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.02. The business’s 50-day moving average is $73.44 and its 200 day moving average is $66.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on WMT shares. Oppenheimer raised their target price on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Morgan Stanley boosted their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Truist Financial increased their target price on shares of Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Telsey Advisory Group boosted their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research 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 given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Insider Buying and Selling at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,369,039 shares of company stock valued at $959,826,083. 45.58% of the stock is currently owned by corporate insiders.

Walmart Profile

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.