Janiczek Wealth Management LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT – Free Report) by 10.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,667 shares of the retailer’s stock after buying an additional 357 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Walmart were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. Sageworth Trust Co increased its holdings in shares of Walmart by 2,414.3% in the 1st quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock valued at $26,000 after acquiring an additional 169 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Walmart during the fourth quarter worth $27,000. NewSquare Capital LLC lifted its position in shares of Walmart by 58.3% in the 1st quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock worth $28,000 after buying an additional 70 shares during the last quarter. First Command Advisory Services Inc. boosted its holdings in shares of Walmart by 387.8% in the 1st quarter. First Command Advisory Services Inc. now owns 200 shares of the retailer’s stock valued at $29,000 after buying an additional 159 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Walmart during the 1st quarter valued at about $29,000. Institutional investors own 33.18% of the company’s stock.
In other news, EVP John D. Rainey sold 1,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $161.37, for a total transaction of $161,370.00. Following the transaction, the executive vice president now owns 169,735 shares of the company’s stock, valued at $27,390,136.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Alice L. Walton sold 473,370 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $155.75, for a total transaction of $73,727,377.50. Following the completion of the sale, the insider now directly owns 241,479,146 shares of the company’s stock, valued at $37,610,376,989.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $161.37, for a total transaction of $161,370.00. Following the completion of the transaction, the executive vice president now directly owns 169,735 shares in the company, valued at $27,390,136.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,493,773 shares of company stock valued at $1,005,802,298. Company insiders own 46.51% of the company’s stock.
Walmart Price Performance
Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings data on Thursday, August 17th. The retailer reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. Walmart had a net margin of 2.23% and a return on equity of 21.47%. The firm had revenue of $161.63 billion for the quarter, compared to analyst estimates of $160.22 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. The company’s revenue was up 5.7% on a year-over-year basis. Equities research analysts expect that Walmart Inc. will post 6.44 EPS for the current fiscal year.
Analyst Ratings Changes
WMT has been the subject of a number of research reports. Bank of America lifted their target price on Walmart from $175.00 to $190.00 in a research note on Wednesday, August 9th. Telsey Advisory Group boosted their price target on shares of Walmart from $168.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, August 18th. Roth Mkm lifted their price objective on shares of Walmart from $169.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Stifel Nicolaus upped their target price on shares of Walmart from $163.00 to $167.00 and gave the stock a “hold” rating in a research report on Monday, August 14th. Finally, The Goldman Sachs Group boosted their price objective on Walmart from $176.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Four research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.51.
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.
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