Walmart Inc. (NYSE:WMT) Holdings Boosted by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 7.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,937 shares of the retailer’s stock after purchasing an additional 2,401 shares during the period. Walmart makes up 1.4% of Pursue Wealth Partners LLC’s portfolio, making the stock its 24th biggest position. Pursue Wealth Partners LLC’s holdings in Walmart were worth $2,501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. EntryPoint Capital LLC purchased a new position in shares of Walmart during the 1st quarter valued at $25,000. Northwest Capital Management Inc raised its stake in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. TruNorth Capital Management LLC lifted its holdings in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new stake in shares of Walmart in the 2nd quarter valued at approximately $29,000. Finally, Partnership Wealth Management LLC acquired a new position in Walmart in the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 1,250,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $66.11, for a total value of $82,637,500.00. Following the transaction, the insider now owns 640,532,611 shares of the company’s stock, valued at $42,345,610,913.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure for this sale can be found here. Insiders sold 6,306,511 shares of company stock worth $420,470,807 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of Walmart stock opened at $77.24 on Thursday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $77.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The firm has a market cap of $621.28 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51. The firm’s 50-day simple moving average is $71.09 and its 200-day simple moving average is $65.16.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. As a group, research analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on WMT shares. Piper Sandler reissued an “overweight” rating and issued a $83.00 target price (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Bank of America upped their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. TD Cowen boosted their price target on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.