Strata Wealth Advisors LLC Invests $234,000 in Walmart Inc. (NYSE:WMT)

Strata Wealth Advisors LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) during the second quarter, HoldingsChannel reports. The firm bought 3,458 shares of the retailer’s stock, valued at approximately $234,000.

Other hedge funds have also bought and sold shares of the company. Semmax Financial Advisors Inc. grew its stake in shares of Walmart by 3.4% in the second quarter. Semmax Financial Advisors Inc. now owns 10,175 shares of the retailer’s stock worth $693,000 after acquiring an additional 333 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Walmart by 102.9% in the 2nd quarter. Marshall Wace LLP now owns 2,483,590 shares of the retailer’s stock worth $168,164,000 after purchasing an additional 1,259,313 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new position in shares of Walmart in the second quarter worth $10,156,000. Interval Partners LP bought a new position in shares of Walmart during the second quarter valued at $24,626,000. Finally, Evergreen Capital Management LLC boosted its position in shares of Walmart by 5.6% during the second quarter. Evergreen Capital Management LLC now owns 44,556 shares of the retailer’s stock valued at $3,017,000 after buying an additional 2,370 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.6 %

NYSE WMT opened at $80.33 on Tuesday. The stock has a 50 day moving average price of $73.65 and a 200-day moving average price of $67.02. Walmart Inc. has a one year low of $49.85 and a one year high of $81.02. 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 market capitalization of $646.14 billion, a P/E ratio of 34.33, a P/E/G ratio of 4.03 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS 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 analyst estimates of $168.56 billion. During the same quarter last year, the business earned $0.61 earnings per share. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction that occurred on Wednesday, June 26th. The stock was 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 owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder S Robson Walton sold 359,616 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $78.25, for a total value of $28,139,952.00. Following the sale, the insider now owns 603,989,702 shares in the company, valued at approximately $47,262,194,181.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,369,039 shares of company stock valued at $959,826,083. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Telsey Advisory Group upped their target price on shares of Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Evercore ISI lifted their price objective on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. DA Davidson increased their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, KeyCorp boosted their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.76.

Walmart 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.