Brighton Jones LLC Purchases 5,008 Shares of Walmart Inc. (NYSE:WMT)

Brighton Jones LLC increased its position in Walmart Inc. (NYSE:WMT) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,261 shares of the retailer’s stock after purchasing an additional 5,008 shares during the quarter. Brighton Jones LLC’s holdings in Walmart were worth $5,434,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Able Wealth Management LLC acquired a new position in shares of Walmart during the 4th quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart in the fourth quarter valued at approximately $32,000. Tidemark LLC acquired a new stake in Walmart in the fourth quarter valued at approximately $37,000. Frank Rimerman Advisors LLC acquired a new stake in Walmart in the fourth quarter valued at approximately $48,000. Finally, EntryPoint Capital LLC acquired a new stake in Walmart in the first quarter valued at approximately $25,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Performance

Walmart stock opened at $78.05 on Friday. The firm’s 50 day simple moving average is $73.24 and its 200 day simple moving average is $66.65. 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 firm has a market capitalization of $627.80 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.02.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WMT shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Roth Mkm lifted their price target on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Morgan Stanley boosted their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $78.99.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 359,616 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $78.25, for a total value of $28,139,952.00. Following the completion of the sale, the insider now owns 603,989,702 shares of the company’s stock, valued at approximately $47,262,194,181.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, major shareholder S Robson Walton sold 359,616 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the completion of the sale, the insider now owns 603,989,702 shares of the company’s stock, valued at approximately $47,262,194,181.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The disclosure for this sale can be found here. Insiders sold a total of 12,369,039 shares of company stock valued at $959,826,083 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

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.