Verity & Verity LLC increased its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 46.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,205 shares of the retailer’s stock after buying an additional 4,835 shares during the period. Verity & Verity LLC’s holdings in Walmart were worth $1,030,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. EntryPoint Capital LLC bought a new position in shares of Walmart in the 1st quarter worth about $25,000. Northwest Capital Management Inc grew its stake in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. TruNorth Capital Management LLC increased its holdings in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new stake in Walmart in the second quarter worth approximately $29,000. Finally, Able Wealth Management LLC acquired a new position in Walmart in the fourth quarter valued at approximately $30,000. Institutional investors own 26.76% of the company’s stock.
Walmart Price Performance
Shares of NYSE:WMT opened at $81.27 on Wednesday. The stock has a market cap of $653.27 billion, a P/E ratio of 34.78, a P/E/G ratio of 4.00 and a beta of 0.51. 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 50 day moving average of $74.86 and a 200 day moving average of $67.85. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.60.
Analyst Ratings Changes
WMT has been the subject of several recent analyst reports. Evercore ISI raised their price objective on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Morgan Stanley boosted 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. HSBC raised their price target on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. KeyCorp boosted their price objective on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Finally, Redburn Atlantic raised Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $81.62.
Check Out Our Latest Stock Analysis on Walmart
Insider Buying and Selling at Walmart
In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 in the company, valued at $37,113,904.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the sale, the chief executive officer now directly owns 3,931,301 shares in the company, valued at $277,589,163.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,334,670 shares of company stock worth $958,025,027. 45.58% of the stock is currently owned by insiders.
About Walmart
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.
See Also
- Five stocks we like better than Walmart
- Conference Calls and Individual Investors
- Ready for Growth? Barrick Gold Stock Could Be the Answer
- What is a Low P/E Ratio and What Does it Tell Investors?
- Trade Like a Member of Congress With These 2 ETFs
- What is the S&P 500 and How It is Distinct from Other Indexes
- October’s Top 3 Stocks Revealed by MarketBeat’s MarketRank Tool
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.