Texas Capital Bank Wealth Management Services Inc Takes Position in Walmart Inc. (NYSE:WMT)

Texas Capital Bank Wealth Management Services Inc bought a new position in Walmart Inc. (NYSE:WMT) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 3,994 shares of the retailer’s stock, valued at approximately $270,000.

Several other hedge funds have also added to or reduced their stakes in the business. Able Wealth Management LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Walmart in the fourth quarter valued at approximately $32,000. Frank Rimerman Advisors LLC bought a new stake in Walmart in the fourth quarter valued at approximately $48,000. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the first quarter valued at approximately $25,000. Finally, TruNorth Capital Management LLC grew its holdings 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 during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Trading Down 0.2 %

Walmart stock opened at $79.78 on Friday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.60. The company has a market capitalization of $641.71 billion, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 4.04 and a beta of 0.51. The business’s fifty day simple moving average is $74.44 and its two-hundred day simple moving average is $67.52. 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 announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. As a group, equities analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The disclosure for this sale can be found here. Insiders have sold a total of 12,317,999 shares of company stock worth $956,341,379 over the last 90 days. 45.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Piper Sandler reissued an “overweight” rating and set a $83.00 price target (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. Telsey Advisory Group increased their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. DA Davidson boosted their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Morgan Stanley increased their price objective on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, TD Cowen boosted their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $80.96.

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.