Janiczek Wealth Management LLC Has $576,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Janiczek Wealth Management LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 10.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,667 shares of the retailer’s stock after buying an additional 357 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Walmart were worth $576,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. AMI Investment Management Inc. boosted its holdings in shares of Walmart by 1.6% in the 1st quarter. AMI Investment Management Inc. now owns 8,269 shares of the retailer’s stock valued at $1,231,000 after purchasing an additional 132 shares in the last quarter. Zions Bancorporation N.A. raised its stake in Walmart by 36.8% during the first quarter. Zions Bancorporation N.A. now owns 4,820 shares of the retailer’s stock worth $718,000 after acquiring an additional 1,296 shares in the last quarter. Covestor Ltd boosted its stake in shares of Walmart by 31.7% in the 1st quarter. Covestor Ltd now owns 1,162 shares of the retailer’s stock valued at $173,000 after purchasing an additional 280 shares in the last quarter. Ergoteles LLC lifted its stake in Walmart by 123.9% in the 1st quarter. Ergoteles LLC now owns 10,566 shares of the retailer’s stock valued at $1,573,000 after purchasing an additional 5,847 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Walmart by 1.7% during the first quarter. Mackenzie Financial Corp now owns 857,839 shares of the retailer’s stock worth $127,749,000 after buying an additional 13,985 shares in the last quarter. 33.18% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

WMT stock opened at $164.64 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm has a market cap of $443.14 billion, a PE ratio of 31.66, a P/E/G ratio of 3.90 and a beta of 0.49. The business has a 50 day moving average of $159.34 and a 200-day moving average of $152.70. Walmart Inc. has a 12-month low of $128.07 and a 12-month high of $165.85.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. The company had revenue of $161.63 billion for the quarter, compared to analysts’ expectations of $160.22 billion. Walmart had a return on equity of 21.47% and a net margin of 2.23%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.77 EPS. As a group, sell-side analysts expect that Walmart Inc. will post 6.44 earnings per share for the current year.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $161.37, for a total value of $161,370.00. Following the transaction, the executive vice president now owns 169,735 shares in the company, valued at $27,390,136.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder Alice L. Walton sold 473,370 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $155.75, for a total value of $73,727,377.50. Following the completion of the transaction, the insider now directly owns 241,479,146 shares of the company’s stock, valued at approximately $37,610,376,989.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 1,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $161.37, for a total transaction of $161,370.00. Following the sale, the executive vice president now directly owns 169,735 shares in the company, valued at approximately $27,390,136.95. The disclosure for this sale can be found here. Insiders have sold a total of 6,493,773 shares of company stock worth $1,005,802,298 over the last three months. 46.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent research reports. Tigress Financial increased their price objective on Walmart from $176.00 to $182.00 in a report on Wednesday, June 7th. StockNews.com started coverage on Walmart in a research note on Thursday, August 17th. They issued a “strong-buy” rating on the stock. Evercore ISI raised their price target on shares of Walmart from $175.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Piper Sandler upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $145.00 to $210.00 in a research report on Monday, July 24th. Finally, Roth Mkm boosted their target price on shares of Walmart from $169.00 to $179.00 and gave the company a “buy” rating in a report on Friday, August 18th. Four research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $176.51.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.