3,313 Shares in Walmart Inc. (NYSE:WMT) Acquired by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,313 shares of the retailer’s stock, valued at approximately $224,000.

Several other institutional investors have also modified their holdings of the company. EntryPoint Capital LLC acquired a new position in shares of Walmart during the first quarter worth $25,000. Northwest Capital Management Inc boosted its stake in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC boosted its stake in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in Walmart in the second quarter valued at $29,000. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth about $30,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Down 0.4 %

Shares of WMT traded down $0.32 during midday trading on Friday, hitting $76.64. The company had a trading volume of 14,548,588 shares, compared to its average volume of 17,411,770. The company’s 50 day moving average price is $71.45 and its 200 day moving average price is $65.38. The stock has a market cap of $616.05 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 3.87 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $77.81. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $168.56 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity

In other news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the transaction, the insider now directly owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The disclosure for this sale can be found here. In the last three months, insiders sold 10,144,237 shares of company stock valued at $730,497,016. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Guggenheim increased their target price on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. KeyCorp increased their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. TD Cowen increased their price target on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Wells Fargo & Company increased their price target on shares of Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.99.

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.