Edge Capital Group LLC Has $20.44 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Edge Capital Group LLC boosted its position in Walmart Inc. (NYSE:WMT) by 3.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 301,866 shares of the retailer’s stock after purchasing an additional 9,352 shares during the period. Walmart comprises 1.0% of Edge Capital Group LLC’s holdings, making the stock its 25th largest position. Edge Capital Group LLC’s holdings in Walmart were worth $20,439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. EntryPoint Capital LLC bought a new position in shares of Walmart in the first quarter valued at about $25,000. Northwest Capital Management Inc grew its stake in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares during the last quarter. TruNorth Capital Management LLC raised its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in Walmart during the second quarter worth approximately $29,000. Finally, Able Wealth Management LLC bought a new stake in shares of Walmart during the fourth quarter worth approximately $30,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.3 %

NYSE:WMT opened at $79.06 on Friday. 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 Inc. has a one year low of $49.85 and a one year high of $81.02. The firm’s 50 day simple moving average is $73.44 and its 200 day simple moving average is $66.83. The company has a market cap of $635.92 billion, a PE ratio of 33.79, a P/E/G ratio of 4.03 and a beta of 0.51.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WMT shares. Morgan Stanley increased their target price on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. DA Davidson upped their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Bank of America lifted their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. The Goldman Sachs Group raised their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, UBS Group boosted their price target on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.99.

Insider Transactions at Walmart

In related news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP David Chojnowski sold 8,791 shares of the firm’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 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 is available at the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s 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 completion of 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. In the last 90 days, insiders have sold 12,369,039 shares of company stock worth $959,826,083. Company insiders own 45.58% of the company’s stock.

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.