Strata Wealth Advisors LLC Makes New $234,000 Investment in Walmart Inc. (NYSE:WMT)

Strata Wealth Advisors LLC bought a new position in Walmart Inc. (NYSE:WMT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,458 shares of the retailer’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Semmax Financial Advisors Inc. boosted its position in shares of Walmart by 3.4% during the second quarter. Semmax Financial Advisors Inc. now owns 10,175 shares of the retailer’s stock valued at $693,000 after buying an additional 333 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Walmart by 102.9% in the 2nd quarter. Marshall Wace LLP now owns 2,483,590 shares of the retailer’s stock worth $168,164,000 after acquiring an additional 1,259,313 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in shares of Walmart in the second quarter valued at about $10,156,000. Interval Partners LP bought a new position in shares of Walmart during the second quarter valued at about $24,626,000. Finally, Evergreen Capital Management LLC lifted its position in shares of Walmart by 5.6% during the second quarter. Evergreen Capital Management LLC now owns 44,556 shares of the retailer’s stock valued at $3,017,000 after purchasing an additional 2,370 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WMT. Wells Fargo & Company boosted their target price on Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday. HSBC boosted their price target on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Bank of America raised their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. KeyCorp lifted 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, Roth Mkm increased their target price on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.76.

Walmart Trading Up 1.6 %

Shares of Walmart stock opened at $80.33 on Tuesday. 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 1 year low of $49.85 and a 1 year high of $81.02. The firm has a market cap of $646.14 billion, a PE ratio of 34.33, a PEG ratio of 4.03 and a beta of 0.51. The company has a 50 day simple moving average of $73.65 and a two-hundred day simple moving average of $67.02.

Walmart (NYSE:WMT) last announced its earnings results 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was 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 owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The disclosure for this sale can be found here. Insiders sold a total of 12,369,039 shares of company stock valued at $959,826,083 over the last quarter. 45.58% of the stock is owned by corporate insiders.

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.