Walmart Inc. (NYSE:WMT) Stock Holdings Cut by Capstone Wealth Management Group LLC

Capstone Wealth Management Group LLC lessened its position in Walmart Inc. (NYSE:WMT) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,953 shares of the retailer’s stock after selling 176 shares during the period. Capstone Wealth Management Group LLC’s holdings in Walmart were worth $538,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WMT. GDS Wealth Management grew its holdings in Walmart by 4.9% during the second quarter. GDS Wealth Management now owns 258,607 shares of the retailer’s stock worth $17,510,000 after acquiring an additional 12,104 shares during the period. Pekin Hardy Strauss Inc. grew its stake in shares of Walmart by 1.3% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 68,708 shares of the retailer’s stock worth $4,652,000 after purchasing an additional 910 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of Walmart by 3.4% in the 2nd quarter. Moors & Cabot Inc. now owns 272,769 shares of the retailer’s stock worth $18,469,000 after purchasing an additional 9,094 shares in the last quarter. Excalibur Management Corp lifted its stake in Walmart by 4.5% during the second quarter. Excalibur Management Corp now owns 12,228 shares of the retailer’s stock valued at $828,000 after purchasing an additional 522 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. bought a new stake in Walmart during the second quarter worth approximately $657,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WMT. Telsey Advisory Group boosted their target price on Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. KeyCorp increased their price target 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. DA Davidson upped their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Morgan Stanley increased their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, HSBC boosted their price target on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Stock Performance

WMT opened at $80.60 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $72.73 and its two-hundred day moving average price is $66.34. The firm has a market capitalization of $647.88 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.02.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the prior year, the business earned $0.61 earnings per share. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The disclosure for this sale can be found here. Insiders have sold 10,203,360 shares of company stock worth $788,678,803 in the last ninety days. Insiders own 45.58% of the company’s stock.

About Walmart

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.