Pure Financial Advisors LLC Grows Holdings in Walmart Inc. (NYSE:WMT)

Pure Financial Advisors LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,369 shares of the retailer’s stock after purchasing an additional 68 shares during the quarter. Pure Financial Advisors LLC’s holdings in Walmart were worth $687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. Signature Wealth Management Group raised its position in Walmart by 1.9% during the 2nd quarter. Signature Wealth Management Group now owns 3,436 shares of the retailer’s stock worth $540,000 after buying an additional 65 shares during the last quarter. Wealth Architects LLC raised its position in Walmart by 3.3% during the 1st quarter. Wealth Architects LLC now owns 2,076 shares of the retailer’s stock worth $306,000 after buying an additional 66 shares during the last quarter. Bluesphere Advisors LLC raised its position in Walmart by 3.5% during the 1st quarter. Bluesphere Advisors LLC now owns 2,003 shares of the retailer’s stock worth $295,000 after buying an additional 67 shares during the last quarter. Glassman Wealth Services raised its position in Walmart by 1.5% during the 1st quarter. Glassman Wealth Services now owns 4,477 shares of the retailer’s stock worth $660,000 after buying an additional 68 shares during the last quarter. Finally, Avalon Investment & Advisory raised its position in Walmart by 3.4% during the 4th quarter. Avalon Investment & Advisory now owns 2,070 shares of the retailer’s stock worth $294,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 33.18% of the company’s stock.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $155.04, for a total transaction of $1,505,128.32. Following the transaction, the chief executive officer now directly owns 1,490,621 shares in the company, valued at approximately $231,105,879.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $155.04, for a total transaction of $1,505,128.32. Following the transaction, the chief executive officer now directly owns 1,490,621 shares in the company, valued at approximately $231,105,879.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 1,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $159.48, for a total transaction of $159,480.00. Following the transaction, the executive vice president now owns 170,735 shares in the company, valued at $27,228,817.80. The disclosure for this sale can be found here. Insiders have sold a total of 6,493,773 shares of company stock worth $1,005,802,298 in the last three months. Company insiders own 46.51% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $164.64 on Friday. Walmart Inc. has a 12-month low of $128.07 and a 12-month high of $165.85. The stock has a market capitalization of $443.14 billion, a P/E ratio of 31.66, a P/E/G ratio of 3.90 and a beta of 0.49. The firm’s 50-day moving average is $159.34 and its two-hundred day moving average is $152.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.26.

Walmart (NYSE:WMT) last released its quarterly 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 company 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 firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $1.77 EPS. Equities analysts predict that Walmart Inc. will post 6.44 earnings per share for the current year.

Wall Street Analyst Weigh In

WMT has been the subject of a number of analyst reports. Raymond James upped their price objective on shares of Walmart from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, August 18th. Barclays upped their price objective on shares of Walmart from $162.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, August 18th. Oppenheimer increased their price target on shares of Walmart from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. BNP Paribas began coverage on shares of Walmart in a report on Monday, June 12th. They issued an “outperform” rating and a $186.00 price target for the company. Finally, Wells Fargo & Company increased their price target on shares of Walmart from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, August 18th. 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.51.

About Walmart

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.