AllGen Financial Advisors Inc. Has $3.08 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

AllGen Financial Advisors Inc. lowered its stake in Walmart Inc. (NYSE:WMT) by 3.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,536 shares of the retailer’s stock after selling 1,416 shares during the quarter. Walmart comprises approximately 1.2% of AllGen Financial Advisors Inc.’s holdings, making the stock its 22nd largest holding. AllGen Financial Advisors Inc.’s holdings in Walmart were worth $3,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AHL Investment Management Inc. increased its position in shares of Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after buying an additional 15,785 shares in the last quarter. Core Wealth Advisors Inc. increased its holdings in shares of Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares in the last quarter. Liberty Wealth Management LLC bought a new stake in shares of Walmart in the first quarter worth about $270,000. Commerce Bank raised its position in shares of Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after purchasing an additional 200,947 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WMT. JPMorgan Chase & Co. upped their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. TD Cowen upped 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. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Oppenheimer boosted their price target on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Finally, Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective (up from $81.00) on shares of Walmart in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $78.99.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at $270,851,892.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,205,423 shares of company stock valued at $788,845,411. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $79.03 on Thursday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.02. The firm has a market capitalization of $635.68 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 4.03 and a beta of 0.51. The stock’s 50 day moving average price is $73.07 and its two-hundred day moving average price is $66.57. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts anticipate 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.