Chesapeake Wealth Management Acquires 1,349 Shares of Walmart Inc. (NYSE:WMT)

Chesapeake Wealth Management raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,795 shares of the retailer’s stock after purchasing an additional 1,349 shares during the period. Chesapeake Wealth Management’s holdings in Walmart were worth $1,747,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. AHL Investment Management Inc. raised its stake in Walmart by 192.1% during the first 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 during the last quarter. Core Wealth Advisors Inc. boosted its stake in Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after purchasing an additional 420 shares in the last quarter. Liberty Wealth Management LLC purchased a new stake in Walmart during the 1st quarter valued at about $270,000. Commerce Bank increased its stake in 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 purchasing an additional 600,521 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after buying an additional 200,947 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In other Walmart news, 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 sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated 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 $37,113,904.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,369,039 shares of company stock worth $959,826,083. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Up 1.3 %

NYSE WMT opened at $79.06 on Friday. The stock’s 50-day moving average price is $73.44 and its 200-day moving average price is $66.78. The company has a market capitalization of $635.92 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51. 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 Inc. has a 52 week low of $49.85 and a 52 week high of $81.02.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. On average, equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

WMT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased 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. Oppenheimer lifted their target price on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. TD Cowen boosted their price target on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Guggenheim increased their price objective on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

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.