Bcwm LLC Raises Holdings in Walmart Inc. (NYSE:WMT)

Bcwm LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,842 shares of the retailer’s stock after buying an additional 1,544 shares during the quarter. Walmart accounts for 3.1% of Bcwm LLC’s portfolio, making the stock its 11th biggest holding. Bcwm LLC’s holdings in Walmart were worth $8,656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aveo Capital Partners LLC grew its stake in shares of Walmart by 4.8% during the 4th quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock worth $683,000 after purchasing an additional 197 shares during the period. 9258 Wealth Management LLC boosted its holdings 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 grew 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 during the period. Great Lakes Advisors LLC increased its holdings in Walmart by 3.9% in the fourth quarter. Great Lakes Advisors LLC now owns 35,197 shares of the retailer’s stock valued at $5,549,000 after buying an additional 1,334 shares in the last quarter. Finally, Motco lifted its position in shares of Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after acquiring an additional 726 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 1.2 %

NYSE WMT opened at $80.60 on Monday. The stock has a market cap of $647.88 billion, a PE ratio of 34.49, a P/E/G ratio of 3.99 and a beta of 0.51. The business has a 50 day moving average price of $72.51 and a two-hundred day moving average price of $66.18. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $80.68. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its earnings results 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 net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on WMT. Truist Financial upped their price target on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, August 16th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Oppenheimer boosted their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Bank of America raised their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, HSBC upped 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 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, Walmart has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Insider Buying and Selling

In other news, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the completion of the sale, the insider now owns 610,843,318 shares of the company’s stock, valued at approximately $48,537,610,048.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,203,360 shares of company stock worth $788,678,803. 45.58% of the stock is currently owned by corporate insiders.

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.