Walmart Inc. (NYSE:WMT) Stock Position Increased by Gateway Advisory LLC

Gateway Advisory LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,659 shares of the retailer’s stock after buying an additional 204 shares during the quarter. Gateway Advisory LLC’s holdings in Walmart were worth $332,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. AHL Investment Management Inc. increased its holdings in shares of Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after buying an additional 15,785 shares in the last quarter. Core Wealth Advisors Inc. grew its position in Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after purchasing an additional 420 shares in the last quarter. Liberty Wealth Management LLC acquired a new stake in Walmart during the 1st quarter valued at $270,000. Commerce Bank lifted its holdings in shares of Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after buying an additional 200,947 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the stock in a transaction on 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 transaction, the senior vice president now 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 12,369,039 shares of company stock valued at $959,826,083 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.6 %

WMT stock opened at $80.33 on Tuesday. The stock has a market capitalization of $646.14 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51. The company has a 50-day moving average of $73.65 and a two-hundred day moving average of $67.02. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

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. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 EPS. As a group, equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research note 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. Guggenheim boosted their price objective on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” 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-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.76.

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.