Gables Capital Management Inc. increased its holdings in shares of Walmart Inc (NYSE:WMT) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,430 shares of the retailer’s stock after buying an additional 850 shares during the period. Gables Capital Management Inc.’s holdings in Walmart were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Burke & Herbert Bank & Trust Co. acquired a new position in Walmart in the 2nd quarter valued at $1,577,000. RB Capital Management LLC acquired a new stake in shares of Walmart in the 2nd quarter worth $271,000. FormulaFolio Investments LLC increased its stake in shares of Walmart by 7.2% in the 2nd quarter. FormulaFolio Investments LLC now owns 26,995 shares of the retailer’s stock worth $2,312,000 after acquiring an additional 1,807 shares during the last quarter. Smithfield Trust Co. increased its stake in shares of Walmart by 11.5% in the 2nd quarter. Smithfield Trust Co. now owns 14,530 shares of the retailer’s stock worth $1,244,000 after acquiring an additional 1,493 shares during the last quarter. Finally, Bell & Brown Wealth Advisors LLC increased its stake in shares of Walmart by 8.4% in the 2nd quarter. Bell & Brown Wealth Advisors LLC now owns 11,636 shares of the retailer’s stock worth $997,000 after acquiring an additional 898 shares during the last quarter. Hedge funds and other institutional investors own 29.44% of the company’s stock.

In related news, insider Jacqueline P. Canney sold 1,575 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $95.48, for a total transaction of $150,381.00. Following the completion of the sale, the insider now directly owns 57,276 shares of the company’s stock, valued at approximately $5,468,712.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director S Robson Walton sold 1,106,272 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $84.04, for a total value of $92,971,098.88. Following the sale, the director now directly owns 3,347,254 shares of the company’s stock, valued at $281,303,226.16. The disclosure for this sale can be found here. Insiders have sold a total of 8,659,544 shares of company stock valued at $773,912,009 over the last three months. Corporate insiders own 51.11% of the company’s stock.

WMT has been the subject of a number of recent research reports. Bank of America reaffirmed a “buy” rating and issued a $98.00 target price on shares of Walmart in a research note on Friday, May 18th. UBS Group raised their target price on Walmart from $93.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, August 17th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Walmart in a research note on Friday, May 11th. Argus set a $112.00 target price on Walmart and gave the stock a “buy” rating in a research note on Friday, August 17th. Finally, Stephens set a $115.00 target price on Walmart and gave the stock a “buy” rating in a research note on Friday, August 17th. Nineteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Walmart presently has a consensus rating of “Buy” and an average price target of $100.89.

Shares of NYSE:WMT opened at $95.83 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.34. The stock has a market cap of $286.23 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 3.41 and a beta of 0.51. Walmart Inc has a 12-month low of $77.50 and a 12-month high of $109.98.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.07. The firm had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $1.08 EPS. sell-side analysts forecast that Walmart Inc will post 4.78 EPS for the current year.

Walmart Company 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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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