Frank Rimerman Advisors LLC Grows Holdings in Walmart Inc. (NYSE:WMT)

Frank Rimerman Advisors LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 6,862.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 64,123 shares of the retailer’s stock after purchasing an additional 63,202 shares during the period. Frank Rimerman Advisors LLC’s holdings in Walmart were worth $4,342,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. EntryPoint Capital LLC purchased a new stake in Walmart during the first quarter worth about $25,000. Northwest Capital Management Inc increased its stake in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the period. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in Walmart in the 2nd quarter valued at approximately $29,000. Finally, Able Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several analyst reports. UBS Group increased their price objective on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada boosted their price objective on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. HSBC boosted their price objective on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.99.

Walmart Stock Up 1.3 %

Shares of NYSE:WMT opened at $79.06 on Friday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a market cap of $635.92 billion, a P/E ratio of 33.79, a P/E/G ratio of 4.03 and a beta of 0.51. The firm has a fifty day moving average price of $73.44 and a 200 day moving average price of $66.83.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping 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 business’s quarterly 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 earnings per share. Sell-side analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 25,578 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the sale, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,369,039 shares of company stock worth $959,826,083. 45.58% of the stock is currently owned by 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.