Walmart Inc. (NYSE:WMT) Shares Acquired by Callan Capital LLC

Callan Capital LLC grew its stake in Walmart Inc. (NYSE:WMT) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,659 shares of the retailer’s stock after buying an additional 1,694 shares during the period. Callan Capital LLC’s holdings in Walmart were worth $1,602,000 at the end of the most recent quarter.

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

Walmart Stock Down 1.2 %

Shares of NYSE:WMT opened at $78.05 on Friday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.02. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $73.24 and a two-hundred day moving average of $66.65. The stock has a market cap of $627.80 billion, a P/E ratio of 33.35, a PEG ratio of 4.03 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. On average, research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on WMT. Barclays boosted their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Telsey Advisory Group increased their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Wells Fargo & Company raised their price target on shares of Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. KeyCorp upped their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Finally, Evercore ISI raised their target price on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Insider Activity at Walmart

In related news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Walmart news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction dated Monday, September 16th. The shares were 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 directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,369,039 shares of company stock worth $959,826,083. 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.