Choreo LLC Acquires 103,668 Shares of Walmart Inc. (NYSE:WMT)

Choreo LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 156.9% during the 2nd quarter, Holdings Channel reports. The fund owned 169,750 shares of the retailer’s stock after purchasing an additional 103,668 shares during the period. Choreo LLC’s holdings in Walmart were worth $11,465,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WMT. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the first quarter valued at about $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 acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC grew its holdings in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the 2nd quarter valued at $29,000. Finally, Partnership Wealth Management LLC acquired a new position in Walmart during the 4th quarter valued at about $30,000. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup increased their price objective on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Raymond James boosted their price objective on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Stifel Nicolaus raised their target price on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Guggenheim increased their price objective on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Walmart Price Performance

WMT opened at $76.86 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $77.81. The company has a market cap of $617.82 billion, a P/E ratio of 32.80, a P/E/G ratio of 3.84 and a beta of 0.51. The company has a 50 day moving average of $71.45 and a two-hundred day moving average of $65.48.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity

In related news, major shareholder Alice L. Walton sold 40,974 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $66.79, for a total value of $2,736,653.46. Following the completion of the sale, the insider now owns 635,512,658 shares of the company’s stock, valued at $42,445,890,427.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 40,974 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $66.79, for a total value of $2,736,653.46. Following the sale, the insider now owns 635,512,658 shares of the company’s stock, valued at $42,445,890,427.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,510,437 shares of company stock valued at $487,759,176. 45.58% of the stock is currently owned by company insiders.

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.