Walmart Inc. (NYSE:WMT) Shares Purchased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. raised its position in Walmart Inc. (NYSE:WMT) by 22.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 135,411 shares of the retailer’s stock after acquiring an additional 25,031 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Walmart were worth $9,169,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Able Wealth Management LLC purchased a new position in Walmart during the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Walmart during the 4th quarter worth approximately $32,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $48,000. EntryPoint Capital LLC purchased a new stake in shares of Walmart in the first quarter valued at approximately $25,000. Finally, TruNorth Capital Management LLC grew its holdings in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, the executive vice president now directly owns 463,871 shares in the company, valued at approximately $32,239,034.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction 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 2,398 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares in the company, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. Insiders have sold a total of 12,334,670 shares of company stock worth $958,025,027 in the last quarter. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Bank of America upped their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Morgan Stanley lifted their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Guggenheim boosted their price target on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, UBS Group raised their price objective on Walmart from $74.00 to $81.00 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 assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $81.62.

Walmart Stock Performance

Walmart stock opened at $80.75 on Tuesday. The stock has a fifty day moving average price of $74.64 and a 200 day moving average price of $67.71. 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 Inc. has a 52 week low of $49.85 and a 52 week high of $81.60. The firm has a market capitalization of $649.09 billion, a P/E ratio of 34.56, a PEG ratio of 4.00 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 analyst estimates of $168.56 billion. During the same period in the prior year, the firm posted $0.61 EPS. The company’s 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.

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.