Walmart Inc. (NYSE:WMT) Shares Purchased by Perissos Private Wealth Management LLC

Perissos Private Wealth Management LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,983 shares of the retailer’s stock after buying an additional 327 shares during the period. Perissos Private Wealth Management LLC’s holdings in Walmart were worth $541,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of WMT. EntryPoint Capital LLC purchased a new position in shares of Walmart in the 1st quarter valued at $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 grew its holdings in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the second quarter worth about $29,000. Finally, Able 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 Performance

NYSE WMT opened at $80.60 on Monday. The business has a 50 day moving average price of $72.51 and a 200 day moving average price of $66.18. The company has a market capitalization of $647.88 billion, a P/E ratio of 34.49, a PEG ratio of 3.99 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $80.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. Walmart’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Roth Mkm raised their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research report on Friday, August 16th. The Goldman Sachs Group raised their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two 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 company’s stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the sale, the executive vice president now owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the sale, the executive vice president now directly owns 390,165 shares in the company, valued at $26,367,350.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the sale, the insider now directly owns 610,843,318 shares in the company, valued at approximately $48,537,610,048.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,203,360 shares of company stock worth $788,678,803. 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.