Wealth Dimensions Group Ltd. Boosts Stock Position in Walmart Inc. (NYSE:WMT)

Wealth Dimensions Group Ltd. raised its position in shares of Walmart Inc. (NYSE:WMT) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,520 shares of the retailer’s stock after buying an additional 222 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in Walmart were worth $509,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. AHL Investment Management Inc. boosted its stake in Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after acquiring an additional 15,785 shares in the last quarter. Core Wealth Advisors Inc. boosted its position 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 purchased a new position in Walmart during the 1st quarter worth $270,000. Commerce Bank increased its position 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 buying an additional 600,521 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after buying an additional 200,947 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $80.60 on Monday. The company has a market capitalization of $647.88 billion, a P/E ratio of 34.49, a P/E/G ratio of 3.99 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $80.68. The business’s 50 day moving average is $72.51 and its two-hundred day moving average is $66.18. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on WMT. Barclays boosted their price target on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Morgan Stanley raised their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Bank of America lifted their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company lifted their price target on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the sale, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The disclosure for this sale can be found here. Insiders have sold a total of 10,203,360 shares of company stock worth $788,678,803 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

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.