Koa Wealth Management LLC Cuts Position in Walmart Inc. (NYSE:WMT)

Koa Wealth Management LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 40.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,268 shares of the retailer’s stock after selling 8,995 shares during the quarter. Koa Wealth Management LLC’s holdings in Walmart were worth $898,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Walmart by 183.0% in the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after acquiring an additional 18,865,484 shares in the last quarter. Norges Bank acquired a new stake in shares of Walmart in the fourth quarter worth approximately $3,674,652,000. Finally, Raymond James & Associates raised its stake in Walmart by 16.0% in the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after purchasing an additional 2,246,656 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WMT shares. JPMorgan Chase & Co. raised their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Citigroup increased their price target on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Telsey Advisory Group boosted their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Guggenheim upped their target price on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Bank of America lifted their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.64.

Walmart Stock Up 0.5 %

NYSE:WMT traded up $0.34 during mid-day trading on Thursday, hitting $75.58. The stock had a trading volume of 15,122,133 shares, compared to its average volume of 17,570,625. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $76.22. The stock has a 50-day simple moving average of $69.33 and a two-hundred day simple moving average of $63.76. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $607.93 billion, a PE ratio of 32.42, a PEG ratio of 4.04 and a beta of 0.50.

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 business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.43 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Alice L. Walton sold 1,250,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $66.11, for a total value of $82,637,500.00. Following the completion of the transaction, the insider now directly owns 640,532,611 shares of the company’s stock, valued at $42,345,610,913.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Alice L. Walton sold 1,250,000 shares of Walmart stock in a transaction on Friday, June 7th. The shares were sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the sale, the insider now directly owns 640,532,611 shares in the company, valued at approximately $42,345,610,913.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at $26,787,946.35. The disclosure for this sale can be found here. Insiders sold 9,809,366 shares of company stock valued at $648,477,014 in the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Company 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.