Founders Financial Alliance LLC Purchases 1,279 Shares of Walmart Inc. (NYSE:WMT)

Founders Financial Alliance LLC raised its stake in Walmart Inc. (NYSE:WMT) by 8.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,851 shares of the retailer’s stock after purchasing an additional 1,279 shares during the period. Founders Financial Alliance LLC’s holdings in Walmart were worth $1,073,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WMT. Aldebaran Financial Inc. grew its holdings in Walmart by 11.0% during the 2nd quarter. Aldebaran Financial Inc. now owns 20,059 shares of the retailer’s stock worth $1,358,000 after acquiring an additional 1,981 shares during the last quarter. Cetera Investment Advisers boosted its stake in Walmart by 0.6% during the 2nd quarter. Cetera Investment Advisers now owns 1,692,435 shares of the retailer’s stock worth $114,595,000 after acquiring an additional 9,594 shares during the last quarter. 3Chopt Investment Partners LLC boosted its stake in Walmart by 2.6% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 32,509 shares of the retailer’s stock worth $2,201,000 after acquiring an additional 817 shares during the last quarter. SPC Financial Inc. boosted its stake in Walmart by 0.8% during the 2nd quarter. SPC Financial Inc. now owns 63,895 shares of the retailer’s stock worth $4,326,000 after acquiring an additional 504 shares during the last quarter. Finally, Advisory Alpha LLC raised its holdings in Walmart by 2.0% during the 2nd quarter. Advisory Alpha LLC now owns 27,345 shares of the retailer’s stock worth $1,852,000 after buying an additional 539 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the company’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 completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated 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 directly owns 459,558 shares in the company, valued at $37,113,904.08. 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 firm’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 transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,334,670 shares of company stock worth $958,025,027. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

WMT has been the topic of a number of research reports. Barclays boosted their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Wells Fargo & Company upped their price objective on shares of Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Morgan Stanley upped their price target 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. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. Finally, Stifel Nicolaus increased their target price on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. One 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $81.62.

Walmart Stock Up 1.2 %

Shares of WMT opened at $80.75 on Tuesday. The firm has a market cap of $649.09 billion, a P/E ratio of 34.56, a price-to-earnings-growth ratio of 4.00 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.60. The company’s 50-day moving average price is $74.64 and its 200 day moving average price is $67.71. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 21.72% and a net margin of 2.34%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. On average, sell-side analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

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.