Financial Partners Group Inc Sells 312 Shares of Walmart Inc. (NYSE:WMT)

Financial Partners Group Inc decreased its stake in Walmart Inc. (NYSE:WMT) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,462 shares of the retailer’s stock after selling 312 shares during the quarter. Financial Partners Group Inc’s holdings in Walmart were worth $1,521,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. AHL Investment Management Inc. increased its stake in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after buying an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. raised its stake in Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after purchasing an additional 315 shares during the period. Core Wealth Advisors Inc. raised its stake in Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after purchasing an additional 420 shares during the period. Liberty Wealth Management LLC bought a new position in Walmart in the 1st quarter worth approximately $270,000. Finally, Commerce Bank boosted its stake in Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.7 %

Shares of NYSE:WMT traded up $0.48 on Friday, hitting $73.45. 19,872,144 shares of the company’s stock were exchanged, compared to its average volume of 17,647,650. The business’s 50 day simple moving average is $68.86 and its two-hundred day simple moving average is $63.43. 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 stock has a market capitalization of $590.80 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 3.95 and a beta of 0.50. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $74.44.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WMT shares. Barclays boosted their target price on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday. DA Davidson boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley increased their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 target price on shares of Walmart in a report on Friday. Finally, Tigress Financial boosted their price target on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.79.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the sale, the insider now directly owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the transaction, the director now directly owns 144,807 shares in the company, valued at $9,386,389.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,000,613 shares of company stock worth $725,932,010. Company insiders own 45.58% of the company’s stock.

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.