Global Wealth Management Investment Advisory Inc. Has $1.96 Million Holdings in Walmart Inc. (NYSE:WMT)

Global Wealth Management Investment Advisory Inc. lifted its position in Walmart Inc. (NYSE:WMT) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,866 shares of the retailer’s stock after acquiring an additional 629 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Walmart were worth $1,955,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WMT. Arrowstreet Capital Limited Partnership raised its position in shares of Walmart by 552.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,467,726 shares of the retailer’s stock valued at $742,681,000 after acquiring an additional 4,629,480 shares during the period. Altshuler Shaham Ltd raised its position in shares of Walmart by 136.6% in the 1st quarter. Altshuler Shaham Ltd now owns 4,096,897 shares of the retailer’s stock valued at $527,969,000 after acquiring an additional 2,364,971 shares during the period. BlackRock Inc. raised its position in shares of Walmart by 2.5% in the 2nd quarter. BlackRock Inc. now owns 90,061,853 shares of the retailer’s stock valued at $12,700,522,000 after acquiring an additional 2,205,438 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Walmart by 33.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,236,108 shares of the retailer’s stock valued at $1,118,711,000 after acquiring an additional 2,046,720 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Walmart by 24.8% in the 1st quarter. Franklin Resources Inc. now owns 5,497,889 shares of the retailer’s stock valued at $746,778,000 after acquiring an additional 1,091,270 shares during the period. Institutional investors and hedge funds own 30.22% of the company’s stock.

In other Walmart news, major shareholder Alice L. Walton sold 6,906,863 shares of the firm’s stock in a transaction on Tuesday, June 29th. The stock was sold at an average price of $137.40, for a total transaction of $949,002,976.20. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $927,254,892. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction on Thursday, June 24th. The shares were sold at an average price of $136.42, for a total value of $1,324,365.36. Following the sale, the chief executive officer now directly owns 1,565,179 shares of the company’s stock, valued at approximately $213,521,719.18. The disclosure for this sale can be found here. Insiders have sold a total of 17,028,364 shares of company stock valued at $2,422,795,538 in the last ninety days. Insiders own 48.44% of the company’s stock.

Shares of NYSE:WMT traded up $0.31 during midday trading on Wednesday, hitting $143.33. The stock had a trading volume of 107,446 shares, compared to its average volume of 8,288,875. Walmart Inc. has a 12 month low of $126.28 and a 12 month high of $153.66. The company has a quick ratio of 0.38, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The business’s 50-day simple moving average is $145.77 and its 200-day simple moving average is $140.92. The company has a market cap of $399.68 billion, a P/E ratio of 40.29, a PEG ratio of 4.21 and a beta of 0.47.

Walmart (NYSE:WMT) last released its earnings results on Monday, August 16th. The retailer reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.21. Walmart had a net margin of 1.78% and a return on equity of 20.22%. The business had revenue of $141 billion during the quarter, compared to analysts’ expectations of $136.07 billion. During the same period last year, the business earned $1.56 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. As a group, equities analysts predict that Walmart Inc. will post 6.3 earnings per share for the current year.

A number of analysts recently weighed in on WMT shares. Cowen increased their price target on shares of Walmart from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, August 18th. UBS Group increased their target price on Walmart from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, August 18th. DA Davidson reissued a “buy” rating on shares of Walmart in a research note on Wednesday, August 18th. Stifel Nicolaus reissued a “hold” rating and set a $160.00 target price (up from $155.00) on shares of Walmart in a research note on Tuesday, August 17th. Finally, Wells Fargo & Company raised Walmart from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $150.00 to $165.00 in a research note on Thursday, August 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $167.59.

About Walmart

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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