12,605 Shares in Walmart Inc. (NYSE:WMT) Acquired by Copperwynd Financial LLC

Copperwynd Financial LLC bought a new position in Walmart Inc. (NYSE:WMT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 12,605 shares of the retailer’s stock, valued at approximately $865,000.

Several other hedge funds have also recently modified their holdings of WMT. Creative Planning increased its position in shares of Walmart by 4.7% during the 2nd quarter. Creative Planning now owns 1,717,367 shares of the retailer’s stock valued at $116,283,000 after purchasing an additional 76,774 shares during the last quarter. Buck Wealth Strategies LLC purchased a new stake in Walmart in the second quarter worth about $7,440,000. Driehaus Capital Management LLC increased its holdings in shares of Walmart by 25.2% in the 2nd quarter. Driehaus Capital Management LLC now owns 13,461 shares of the retailer’s stock valued at $911,000 after acquiring an additional 2,706 shares during the period. Texas Capital Bank Wealth Management Services Inc bought a new position in Walmart in the second quarter worth about $270,000. Finally, Kathmere Capital Management LLC grew its holdings in Walmart by 14.8% in the second quarter. Kathmere Capital Management LLC now owns 44,866 shares of the retailer’s stock worth $3,038,000 after purchasing an additional 5,769 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Telsey Advisory Group lifted their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Guggenheim upped their price target on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. TD Cowen lifted their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Barclays boosted their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Tigress Financial lifted their price objective on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $80.96.

Walmart Stock Performance

Shares of WMT opened at $79.78 on Friday. 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 Inc. has a one year low of $49.85 and a one year high of $81.60. The company’s fifty day moving average price is $74.44 and its 200 day moving average price is $67.52. The company has a market capitalization of $641.71 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 4.04 and a beta of 0.51.

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 the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. As a group, analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total value of $74,215,640.00. Following the transaction, the insider now directly owns 610,843,318 shares in the company, valued at approximately $48,537,610,048.28. The disclosure for this sale can be found here. Insiders have sold a total of 12,317,999 shares of company stock valued at $956,341,379 in the last 90 days. 45.58% of the stock is currently owned by 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.