Resonant Capital Advisors LLC Buys 885 Shares of Walmart Inc. (NYSE:WMT)

Resonant Capital Advisors LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 9.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,957 shares of the retailer’s stock after purchasing an additional 885 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Walmart were worth $674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in WMT. Vanguard Group Inc. lifted its position in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after acquiring an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Norges Bank bought a new position in Walmart in the 4th quarter worth $3,674,652,000. Bank of New York Mellon Corp boosted its holdings in Walmart by 183.0% in the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after buying an additional 18,865,484 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after purchasing an additional 8,674,100 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 1.1 %

WMT opened at $77.23 on Tuesday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $77.47. 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 fifty day moving average of $70.71 and a two-hundred day moving average of $64.93. The stock has a market capitalization of $621.20 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 3.87 and a beta of 0.51.

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

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. Telsey Advisory Group increased their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Oppenheimer raised their target price 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. Finally, UBS Group raised their target price on shares of Walmart from $74.00 to $81.00 and gave the stock 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 issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.64.

Insider Buying and Selling at Walmart

In other news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the sale, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,306,511 shares of company stock valued at $420,470,807. Corporate insiders own 45.58% of the company’s stock.

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.