Cetera Investment Advisers Raises Position in Walmart Inc. (NYSE:WMT)

Cetera Investment Advisers boosted its position in shares of Walmart Inc. (NYSE:WMT) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,692,435 shares of the retailer’s stock after buying an additional 9,594 shares during the period. Cetera Investment Advisers’ holdings in Walmart were worth $114,595,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in WMT. EntryPoint Capital LLC acquired a new position in Walmart in the 1st quarter valued at $25,000. Northwest Capital Management Inc raised its position in shares of Walmart by 199.3% in the first 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 lifted its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in Walmart during the second quarter worth about $29,000. Finally, Able Wealth Management LLC purchased a new stake in Walmart during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WMT. Guggenheim boosted their target price on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. BMO Capital Markets restated an “outperform” rating and issued a $80.00 target price on shares of Walmart in a report on Friday, August 16th. Bank of America raised their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Oppenheimer upped their price objective on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Finally, Citigroup lifted their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $81.62.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the transaction, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The disclosure for this sale can be found here. Insiders sold 12,334,670 shares of company stock worth $958,025,027 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.2 %

WMT opened at $80.75 on Tuesday. The business has a fifty day moving average price of $74.64 and a 200 day moving average price of $67.71. 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 12 month low of $49.85 and a 12 month high of $81.60. The stock has a market capitalization of $649.09 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 4.00 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.