Colton Groome Financial Advisors LLC Sells 1,688 Shares of Walmart Inc. (NYSE:WMT)

Colton Groome Financial Advisors LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,516 shares of the retailer’s stock after selling 1,688 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in Walmart were worth $1,254,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WMT. AHL Investment Management Inc. increased its position in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after buying an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. raised its position in shares of Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after purchasing an additional 315 shares during the period. Core Wealth Advisors Inc. lifted its holdings in shares of Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after purchasing an additional 420 shares in the last quarter. Liberty Wealth Management LLC acquired a new stake in Walmart in the 1st quarter valued at $270,000. Finally, Commerce Bank increased its stake in Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

WMT traded up $0.12 during trading on Friday, reaching $75.70. 12,299,093 shares of the company were exchanged, compared to its average volume of 18,978,366. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market cap of $608.90 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 3.79 and a beta of 0.50. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $76.22. The company’s 50-day moving average is $69.68 and its two-hundred day moving average is $63.98.

Walmart (NYSE:WMT) last released 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 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the business earned $0.61 earnings per share. Walmart’s revenue was up 4.7% compared to the same quarter last year. Research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the transaction, the executive vice president now directly owns 463,871 shares in the company, valued at $32,239,034.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director S Robson Walton sold 933,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $64.92, for a total transaction of $60,570,360.00. Following the sale, the director now owns 642,016,611 shares in the company, valued at approximately $41,679,718,386.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,827,328 shares of company stock worth $584,261,549. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. HSBC increased their price objective on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. TD Cowen lifted their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Truist Financial raised their price objective on Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.64.

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.