3,261 Shares in Walmart Inc. (NYSE:WMT) Purchased by Trust Investment Advisors

Trust Investment Advisors acquired a new position in shares of Walmart Inc. (NYSE:WMT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,261 shares of the retailer’s stock, valued at approximately $221,000.

Several other hedge funds have also recently bought and sold shares of WMT. Ieq Capital LLC lifted its holdings in shares of Walmart by 12.8% during the 2nd quarter. Ieq Capital LLC now owns 217,577 shares of the retailer’s stock worth $14,732,000 after acquiring an additional 24,615 shares during the period. Brighton Jones LLC lifted its stake in Walmart by 6.7% during the second quarter. Brighton Jones LLC now owns 80,261 shares of the retailer’s stock worth $5,434,000 after purchasing an additional 5,008 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Walmart by 5.1% in the 2nd quarter. Intech Investment Management LLC now owns 1,197,490 shares of the retailer’s stock valued at $81,082,000 after purchasing an additional 58,542 shares in the last quarter. Austin Asset Management Co Inc increased its stake in shares of Walmart by 2.4% in the 2nd quarter. Austin Asset Management Co Inc now owns 8,307 shares of the retailer’s stock valued at $562,000 after purchasing an additional 195 shares during the last quarter. Finally, Delaney Dennis R acquired a new position in shares of Walmart during the 2nd quarter worth $200,000. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMT. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised 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. Guggenheim upped their price objective on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Piper Sandler restated an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Stock Down 1.2 %

Shares of NYSE:WMT opened at $78.05 on Friday. The business’s 50-day moving average is $73.24 and its 200-day moving average is $66.65. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.02. The company has a market capitalization of $627.80 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 4.03 and a beta of 0.51. 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 (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. Equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the business’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 filing with the SEC, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,369,039 shares of company stock worth $959,826,083. 45.58% of the stock is currently owned by company insiders.

Walmart 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.