Resonant Capital Advisors LLC lifted its stake in Walmart Inc. (NYSE:WMT – Free Report) 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.
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.
Get Our Latest Report on Walmart
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.
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