Walmart Inc. (NYSE:WMT) Shares Acquired by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. increased its position in Walmart Inc. (NYSE:WMT) by 2.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,633 shares of the retailer’s stock after purchasing an additional 126 shares during the period. Armstrong Advisory Group Inc.’s holdings in Walmart were worth $728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wealth Architects LLC boosted its stake in Walmart by 3.3% in the first quarter. Wealth Architects LLC now owns 2,076 shares of the retailer’s stock valued at $306,000 after acquiring an additional 66 shares during the period. Bluesphere Advisors LLC boosted its stake in Walmart by 3.5% in the first quarter. Bluesphere Advisors LLC now owns 2,003 shares of the retailer’s stock valued at $295,000 after acquiring an additional 67 shares during the period. Glassman Wealth Services boosted its stake in Walmart by 1.5% in the first quarter. Glassman Wealth Services now owns 4,477 shares of the retailer’s stock valued at $660,000 after acquiring an additional 68 shares during the period. Avalon Investment & Advisory boosted its stake in Walmart by 3.4% in the fourth quarter. Avalon Investment & Advisory now owns 2,070 shares of the retailer’s stock valued at $294,000 after acquiring an additional 69 shares during the period. Finally, Cyndeo Wealth Partners LLC boosted its stake in Walmart by 1.1% in the first quarter. Cyndeo Wealth Partners LLC now owns 6,515 shares of the retailer’s stock valued at $381,000 after acquiring an additional 69 shares during the period. 33.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WMT shares. Citigroup lifted their price target on Walmart from $174.00 to $180.00 and gave the company a “buy” rating in a report on Monday, August 21st. Truist Financial lifted their price target on Walmart from $166.00 to $168.00 and gave the company a “hold” rating in a report on Friday, August 18th. TD Cowen reaffirmed an “outperform” rating and set a $185.00 price target on shares of Walmart in a report on Tuesday, September 5th. The Goldman Sachs Group lifted their price target on Walmart from $176.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Finally, Guggenheim boosted their target price on Walmart from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, August 14th. Four analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $176.51.

Walmart Trading Up 0.4 %

Walmart stock opened at $165.29 on Friday. The company’s fifty day simple moving average is $158.96 and its 200-day simple moving average is $152.29. The company has a quick ratio of 0.26, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Walmart Inc. has a 12 month low of $128.07 and a 12 month high of $165.85. The stock has a market cap of $444.89 billion, a P/E ratio of 31.79, a P/E/G ratio of 3.88 and a beta of 0.49.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 17th. The retailer reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. The firm had revenue of $161.63 billion during the quarter, compared to analysts’ expectations of $160.22 billion. Walmart had a net margin of 2.23% and a return on equity of 21.47%. Walmart’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 earnings per share. As a group, sell-side analysts forecast that Walmart Inc. will post 6.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 1,000 shares of the business’s stock in a transaction 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 owns 169,735 shares of the company’s stock, valued at approximately $27,390,136.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 473,370 shares of the business’s stock in a transaction 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 transaction, the insider now owns 241,479,146 shares of the company’s stock, valued at approximately $37,610,376,989.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 1,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $161.37, for a total transaction of $161,370.00. Following the transaction, the executive vice president now directly owns 169,735 shares of the company’s stock, valued at approximately $27,390,136.95. The disclosure for this sale can be found here. Insiders sold a total of 6,493,773 shares of company stock valued at $1,005,802,298 in the last quarter. Insiders own 46.51% of the company’s stock.

About Walmart

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.