Slocum Gordon & Co LLP Grows Position in Walmart Inc. (NYSE:WMT)

Slocum Gordon & Co LLP grew its stake in shares of Walmart Inc. (NYSE:WMT) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,759 shares of the retailer’s stock after buying an additional 300 shares during the period. Slocum Gordon & Co LLP’s holdings in Walmart were worth $796,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WMT. Aveo Capital Partners LLC increased its position in Walmart by 4.8% during the fourth quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock worth $683,000 after buying an additional 197 shares in the last quarter. 9258 Wealth Management LLC increased its position in Walmart by 1.8% during the fourth quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock worth $2,045,000 after buying an additional 235 shares in the last quarter. Gryphon Financial Partners LLC increased its position in Walmart by 58.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer’s stock worth $1,033,000 after buying an additional 2,443 shares in the last quarter. Hills Bank & Trust Co increased its position in Walmart by 5.1% during the fourth quarter. Hills Bank & Trust Co now owns 3,164 shares of the retailer’s stock worth $499,000 after buying an additional 153 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at $3,473,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on WMT. DA Davidson lifted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. TD Cowen lifted their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada lifted their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Walmart from $77.00 to $83.00 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-six have assigned 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 price target of $78.99.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,144,237 shares of company stock worth $730,497,016. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Up 0.1 %

Shares of WMT opened at $77.02 on Friday. The stock’s 50-day moving average is $71.27 and its two-hundred day moving average is $65.24. The stock has a market cap of $619.11 billion, a PE ratio of 32.96, a P/E/G ratio of 3.87 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $77.81. 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 (NYSE:WMT) last issued 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 company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts forecast 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.