1,293 Shares in Walmart Inc. (NYSE:WMT) Acquired by Monterey Private Wealth Inc.

Monterey Private Wealth Inc. acquired a new stake in Walmart Inc. (NYSE:WMT) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 1,293 shares of the retailer’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. GW Henssler & Associates Ltd. boosted its stake in shares of Walmart by 0.8% during the first quarter. GW Henssler & Associates Ltd. now owns 126,558 shares of the retailer’s stock valued at $18,661,000 after purchasing an additional 1,004 shares in the last quarter. Wiley BROS. Aintree Capital LLC grew its stake in shares of Walmart by 0.8% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 11,803 shares of the retailer’s stock worth $1,740,000 after purchasing an additional 94 shares during the period. ZWJ Investment Counsel Inc. boosted its position in shares of Walmart by 7.3% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 4,737 shares of the retailer’s stock worth $699,000 after purchasing an additional 323 shares during the period. Lodestar Private Asset Management LLC lifted its stake in Walmart by 6.2% during the first quarter. Lodestar Private Asset Management LLC now owns 3,873 shares of the retailer’s stock worth $571,000 after purchasing an additional 226 shares in the last quarter. Finally, BOS Asset Management LLC purchased a new position in shares of Walmart during the fourth quarter worth $503,000. Hedge funds and other institutional investors own 33.18% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $164.64 on Monday. The business’s 50-day moving average price is $159.34 and its 200 day moving average price is $152.70. The company has a current ratio of 0.83, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. Walmart Inc. has a twelve month low of $128.07 and a twelve month high of $165.85. The company has a market capitalization of $443.14 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 3.90 and a beta of 0.49.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.15. The business had revenue of $161.63 billion for the quarter, compared to analysts’ expectations of $160.22 billion. Walmart had a net margin of 2.23% and a return on equity of 21.47%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $1.77 earnings per share. On average, research analysts predict that Walmart Inc. will post 6.44 earnings per share for the current year.

Insider Buying and Selling

In other Walmart news, major shareholder Jim C. Walton sold 2,149,275 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $153.97, for a total transaction of $330,923,871.75. Following the completion of the sale, the insider now directly owns 235,440,961 shares in the company, valued at $36,250,844,765.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Jim C. Walton sold 2,149,275 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $153.97, for a total transaction of $330,923,871.75. Following the completion of the sale, the insider now owns 235,440,961 shares of the company’s stock, valued at approximately $36,250,844,765.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $159.48, for a total value of $159,480.00. Following the transaction, the executive vice president now owns 170,735 shares in the company, valued at approximately $27,228,817.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,493,773 shares of company stock valued at $1,005,802,298. 46.51% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

WMT has been the topic of several research reports. Roth Mkm increased their target price on Walmart from $169.00 to $179.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Jefferies Financial Group raised their price target on shares of Walmart from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Barclays upped their target price on shares of Walmart from $162.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, August 18th. Sanford C. Bernstein boosted their price target on shares of Walmart from $159.00 to $165.00 and gave the stock a “market perform” rating in a report on Friday, August 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Walmart from $176.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Four analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $176.51.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.