Reilly Financial Advisors LLC Raises Holdings in Walmart Inc (NYSE:WMT)

Reilly Financial Advisors LLC grew its position in shares of Walmart Inc (NYSE:WMT) by 332.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,272 shares of the retailer’s stock after purchasing an additional 87,057 shares during the period. Walmart makes up approximately 1.6% of Reilly Financial Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Reilly Financial Advisors LLC’s holdings in Walmart were worth $12,515,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of WMT. FMR LLC grew its position in shares of Walmart by 14.6% during the fourth quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock valued at $2,233,545,000 after purchasing an additional 3,058,978 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in shares of Walmart by 11,482.5% during the second quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock valued at $244,438,000 after purchasing an additional 2,423,276 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Walmart by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after purchasing an additional 1,532,362 shares in the last quarter. Railway Pension Investments Ltd purchased a new position in shares of Walmart during the second quarter valued at about $13,798,000. Finally, Comgest Global Investors S.A.S. grew its position in shares of Walmart by 55.5% during the fourth quarter. Comgest Global Investors S.A.S. now owns 1,851,000 shares of the retailer’s stock valued at $172,421,000 after purchasing an additional 660,500 shares in the last quarter. Hedge funds and other institutional investors own 30.04% of the company’s stock.

NYSE WMT traded down $0.13 during trading on Tuesday, hitting $112.14. The stock had a trading volume of 1,144,790 shares, compared to its average volume of 3,914,974. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21. The stock has a market cap of $322.64 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 4.94 and a beta of 0.41. Walmart Inc has a one year low of $85.78 and a one year high of $115.49. The firm’s 50 day moving average price is $111.71.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.11. The business had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share. On average, sell-side analysts expect that Walmart Inc will post 4.84 EPS for the current fiscal year.

A number of research analysts have recently weighed in on WMT shares. Deutsche Bank raised their price objective on Walmart from $118.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Gordon Haskett raised shares of W W Grainger from an “underperform” rating to a “hold” rating and set a $264.58 price target for the company in a report on Friday, May 17th. Jefferies Financial Group lowered their price target on shares of Chemours from $48.00 to $30.00 and set a “buy” rating for the company in a report on Monday, June 10th. Wolfe Research downgraded shares of Walmart from a “peer perform” rating to an “underperform” rating in a report on Wednesday, May 8th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Westrock in a report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $109.56.

In other Walmart news, EVP Judith J. Mckenna sold 4,243 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $100.19, for a total value of $425,106.17. Following the completion of the sale, the executive vice president now owns 225,373 shares of the company’s stock, valued at $22,580,120.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel J. Bartlett sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $109.14, for a total transaction of $327,420.00. Following the completion of the sale, the insider now directly owns 122,673 shares of the company’s stock, valued at approximately $13,388,531.22. The disclosure for this sale can be found here. In the last three months, insiders sold 5,559,285 shares of company stock valued at $571,021,654. 50.22% of the stock is owned by insiders.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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