Executive Wealth Management LLC Grows Stock Position in Walmart Inc (NYSE:WMT)

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Executive Wealth Management LLC boosted its stake in Walmart Inc (NYSE:WMT) by 12.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 37,760 shares of the retailer’s stock after purchasing an additional 4,329 shares during the period. Executive Wealth Management LLC’s holdings in Walmart were worth $4,172,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Clarfeld Financial Advisors LLC acquired a new stake in Walmart in the 4th quarter valued at approximately $25,000. C J Advisory Inc acquired a new stake in Walmart in the 1st quarter valued at approximately $29,000. Mcmillion Capital Management Inc. acquired a new stake in Walmart in the 2nd quarter valued at approximately $34,000. Financial Gravity Wealth Inc. acquired a new stake in Walmart in the 1st quarter valued at approximately $35,000. Finally, WP Advisors LLC acquired a new stake in Walmart in the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 30.05% of the company’s stock.

In related news, EVP Judith J. Mckenna sold 4,243 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $100.19, for a total value of $425,106.17. Following the completion of the sale, the executive vice president now directly owns 225,373 shares of the company’s stock, valued at $22,580,120.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel J. Bartlett sold 3,000 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total transaction of $327,420.00. Following the completion of the sale, the insider now directly owns 122,673 shares of the company’s stock, valued at $13,388,531.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,559,285 shares of company stock valued at $571,021,654. Insiders own 50.22% of the company’s stock.

Several equities analysts have commented on WMT shares. Bank of America set a $120.00 price target on shares of Walmart and gave the stock a “buy” rating in a research note on Friday, May 17th. Loop Capital boosted their price target on shares of Walmart to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Gordon Haskett upgraded shares of Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price target for the company in a research note on Friday, May 17th. Goldman Sachs Group started coverage on shares of Walmart in a research note on Thursday, July 11th. They issued a “buy” rating and a $123.00 price target for the company. Finally, UBS Group boosted their price target on shares of Walmart from $105.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the company’s stock. Walmart has a consensus rating of “Buy” and an average price target of $109.56.

Shares of WMT stock opened at $107.41 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.89. The stock’s fifty day moving average price is $111.38. The firm has a market capitalization of $306.25 billion, a P/E ratio of 21.88, a P/E/G ratio of 4.69 and a beta of 0.41. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $115.49.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. The firm had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 earnings per share. As a group, equities analysts expect that Walmart Inc will post 4.84 earnings per share for the current fiscal year.

Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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