Semmax Financial Advisors Inc. Purchases 333 Shares of Walmart Inc. (NYSE:WMT)

Semmax Financial Advisors Inc. lifted its holdings in Walmart Inc. (NYSE:WMT) by 3.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,175 shares of the retailer’s stock after purchasing an additional 333 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Walmart were worth $693,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in Walmart in the first quarter worth about $25,000. Northwest Capital Management Inc increased its position in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the last quarter. TruNorth Capital Management LLC raised its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in shares of Walmart in the 2nd quarter worth about $29,000. Finally, Able Wealth Management LLC purchased a new position in shares of Walmart during the 4th quarter worth about $30,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. UBS Group upped their price objective on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. The Goldman Sachs Group lifted their target price on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Barclays raised their price target on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Roth Mkm boosted their price objective on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $79.76.

Walmart Stock Performance

Shares of WMT stock opened at $80.33 on Tuesday. 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 company has a market cap of $646.14 billion, a PE ratio of 34.33, a PEG ratio of 4.03 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.02. The business’s fifty day simple moving average is $73.65 and its 200-day simple moving average is $67.02.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating 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 business 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. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart 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 transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The disclosure for this sale can be found here. Insiders have sold 12,369,039 shares of company stock worth $959,826,083 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

Walmart Company 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.