Granite FO LLC Invests $561,000 in Walmart Inc. (NYSE:WMT)

Granite FO LLC acquired a new position in Walmart Inc. (NYSE:WMT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,289 shares of the retailer’s stock, valued at approximately $561,000.

Several other large investors also recently added to or reduced their stakes in the business. Able Wealth Management LLC purchased a new position in shares of Walmart during the 4th quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Walmart during the 4th quarter worth approximately $32,000. Frank Rimerman Advisors LLC purchased a new position in Walmart during the fourth quarter valued at approximately $48,000. EntryPoint Capital LLC bought a new position in shares of Walmart in the first quarter worth approximately $25,000. Finally, TruNorth Capital Management LLC increased its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the sale, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. Insiders have sold a total of 12,317,999 shares of company stock valued at $956,341,379 over the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of Walmart stock opened at $79.78 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average price is $74.44 and its 200-day moving average price is $67.52. The firm has a market cap of $641.71 billion, a P/E ratio of 34.09, a P/E/G ratio of 4.04 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.60.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Telsey Advisory Group lifted 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. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Evercore ISI lifted their target price on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Jefferies Financial Group increased their price objective on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart currently has an average rating of “Buy” and an average price target of $80.96.

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.