Pacer Advisors Inc. Has $25.96 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Pacer Advisors Inc. grew its stake in Walmart Inc. (NYSE:WMT) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,412 shares of the retailer’s stock after acquiring an additional 11,816 shares during the period. Pacer Advisors Inc.’s holdings in Walmart were worth $25,961,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WMT. Aveo Capital Partners LLC lifted its stake in Walmart by 4.8% in the 4th quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock valued at $683,000 after purchasing an additional 197 shares during the last quarter. 9258 Wealth Management LLC lifted its position in shares of Walmart by 1.8% in the fourth quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock valued at $2,045,000 after buying an additional 235 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of Walmart by 58.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer’s stock worth $1,033,000 after acquiring an additional 2,443 shares during the period. Congress Wealth Management LLC DE raised its stake in Walmart by 81.1% in the 4th quarter. Congress Wealth Management LLC DE now owns 4,832 shares of the retailer’s stock valued at $762,000 after acquiring an additional 2,164 shares during the period. Finally, Sepio Capital LP raised its stake in Walmart by 8.8% in the 4th quarter. Sepio Capital LP now owns 3,555 shares of the retailer’s stock valued at $560,000 after acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Up 1.3 %

Shares of WMT stock opened at $79.06 on Monday. The stock has a 50-day moving average of $73.44 and a 200-day moving average of $66.87. 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 stock has a market cap of $635.92 billion, a price-to-earnings ratio of 33.79, a PEG 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 issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the sale, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the firm’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 completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,369,039 shares of company stock worth $959,826,083. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on WMT. Stifel Nicolaus upped their price objective on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. upped their target price on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Guggenheim increased their target price on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Two research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Walmart Company 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.