GDS Wealth Management Purchases 12,104 Shares of Walmart Inc. (NYSE:WMT)

GDS Wealth Management increased its position in shares of Walmart Inc. (NYSE:WMT) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 258,607 shares of the retailer’s stock after buying an additional 12,104 shares during the period. Walmart accounts for approximately 1.9% of GDS Wealth Management’s holdings, making the stock its 17th biggest position. GDS Wealth Management’s holdings in Walmart were worth $17,510,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Able Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter worth $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in Walmart during the 4th quarter valued at $32,000. Tidemark LLC acquired a new position in Walmart during the 4th quarter valued at $37,000. Frank Rimerman Advisors LLC acquired a new position in Walmart during the 4th quarter valued at $48,000. Finally, EntryPoint Capital LLC acquired a new position in Walmart during the 1st quarter valued at $25,000. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Shares of NYSE WMT opened at $80.60 on Tuesday. The stock has a market cap of $647.88 billion, a P/E ratio of 34.49, a P/E/G ratio of 3.99 and a beta of 0.51. The firm has a 50 day moving average price of $72.73 and a 200 day moving average price of $66.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.02.

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

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Jim C. Walton sold 934,000 shares of Walmart stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the transaction, the insider now directly owns 610,843,318 shares in the company, valued at approximately $48,537,610,048.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,203,360 shares of company stock worth $788,678,803. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on WMT. Royal Bank of Canada upped their target price on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Jefferies Financial Group upped their target price on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Truist Financial increased their price objective on shares of Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a research note on Friday, August 16th. BMO Capital Markets restated an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. Finally, Barclays increased their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note 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, Walmart currently has an average 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.