Wealthcare Advisory Partners LLC grew its position in Walmart Inc (NYSE:WMT) by 20.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,307 shares of the retailer’s stock after acquiring an additional 398 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Walmart were worth $255,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clarfeld Financial Advisors LLC purchased a new position in shares of Walmart in the fourth quarter valued at approximately $25,000. C J Advisory Inc purchased a new position in shares of Walmart in the first quarter valued at approximately $29,000. Mcmillion Capital Management Inc. purchased a new position in shares of Walmart in the second quarter valued at approximately $34,000. Financial Gravity Wealth Inc. purchased a new position in shares of Walmart in the first quarter valued at approximately $35,000. Finally, WP Advisors LLC purchased a new position in shares of Walmart in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 30.04% of the company’s stock.
In other news, major shareholder Jim C. Walton sold 1,626,851 shares of Walmart stock in a transaction on Friday, May 17th. The stock was sold at an average price of $101.08, for a total value of $164,442,099.08. Following the completion of the sale, the insider now directly owns 17,502,080 shares of the company’s stock, valued at $1,769,110,246.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel J. Bartlett sold 3,000 shares of Walmart stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value 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 $13,388,531.22. The disclosure for this sale can be found here. Insiders sold 5,559,285 shares of company stock valued at $571,021,654 over the last ninety days. Insiders own 51.11% of the company’s stock.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.11. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The company had revenue of $122.95 billion during the quarter, compared to analysts’ expectations of $124.51 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc will post 4.84 earnings per share for the current fiscal year.
Several research firms recently commented on WMT. Wolfe Research cut Walmart from a “peer perform” rating to an “underperform” rating in a report on Wednesday, May 8th. Loop Capital increased their price target on Walmart to $115.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Sanford C. Bernstein raised Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target for the company in a report on Thursday, May 2nd. Jefferies Financial Group increased their price target on Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Gordon Haskett raised Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price target for the company in a report on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $109.56.
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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