Walmart Inc. (NYSE:WMT) Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 0.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 155,885 shares of the retailer’s stock after buying an additional 747 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Walmart were worth $10,910,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Partnership Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Walmart during the fourth quarter worth about $32,000. Signature Resources Capital Management LLC bought a new position in shares of Walmart during the fourth quarter worth about $35,000. Finally, Tidemark LLC bought a new position in shares of Walmart during the fourth quarter worth about $37,000. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the transaction, the director now owns 144,807 shares in the company, valued at approximately $9,386,389.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,000,613 shares of company stock worth $725,932,010. 45.58% of the stock is owned by insiders.

Walmart Price Performance

Shares of NYSE WMT traded up $0.48 during mid-day trading on Friday, reaching $73.45. 19,872,144 shares of the company traded hands, compared to its average volume of 17,647,650. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $74.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The firm has a market cap of $590.80 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 3.95 and a beta of 0.50. The stock has a fifty day simple moving average of $68.86 and a 200-day simple moving average of $63.37.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent research reports. HSBC raised their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Jefferies Financial Group raised their target price on shares of Walmart from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, August 12th. UBS Group raised their target price on shares of Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday. Guggenheim raised their target price on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday. Finally, Citigroup raised their target price on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $77.79.

Walmart 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.