Wulff Hansen & CO. Has $63.90 Million Position in Walmart Inc. (NYSE:WMT)

Wulff Hansen & CO. lifted its holdings in Walmart Inc. (NYSE:WMT) by 6,671.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 943,742 shares of the retailer’s stock after buying an additional 929,804 shares during the period. Wulff Hansen & CO.’s holdings in Walmart were worth $63,901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. EntryPoint Capital LLC purchased a new position in Walmart during the 1st quarter valued at about $25,000. Northwest Capital Management Inc grew its position in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. TruNorth Capital Management LLC increased its stake in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. acquired a new position in Walmart in the 2nd quarter valued at approximately $29,000. Finally, Able Wealth Management LLC purchased a new stake in Walmart in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. HSBC upped their price target on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Stifel Nicolaus raised their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Wells Fargo & Company lifted their price target on Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Truist Financial increased their price objective on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.99.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the sale, the executive vice president now owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the sale, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Chojnowski sold 8,791 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction 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 sold a total of 10,203,360 shares of company stock valued at $788,678,803 over the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

Shares of WMT opened at $80.60 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a 50-day simple moving average of $72.73 and a 200-day simple moving average of $66.34. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.02. The firm has a market capitalization 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.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) 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 firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

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.