Callan Capital LLC Raises Stock Position in Walmart Inc. (NYSE:WMT)

Callan Capital LLC raised its stake in Walmart Inc. (NYSE:WMT) by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,659 shares of the retailer’s stock after acquiring an additional 1,694 shares during the period. Callan Capital LLC’s holdings in Walmart were worth $1,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Walmart by 183.0% in the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after acquiring an additional 18,865,484 shares during the period. Raymond James & Associates increased its holdings in shares of Walmart by 16.0% in the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after acquiring an additional 2,246,656 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Walmart by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock valued at $1,095,946,000 after purchasing an additional 834,005 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WMT shares. Oppenheimer raised their price objective 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. Truist Financial raised their price target on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Bank of America upped their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. The Goldman Sachs Group boosted their target price on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, KeyCorp upped their price target on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. The disclosure for this sale can be found here. Insiders sold 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 Performance

Walmart stock opened at $78.05 on Friday. The stock has a fifty day moving average price of $73.24 and a 200 day moving average price of $66.65. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.02. The firm has a market capitalization of $627.80 billion, a P/E ratio of 33.35, a PEG ratio of 4.03 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period last year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

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.