ORG Partners LLC Buys 60,067 Shares of Walmart Inc. (NYSE:WMT)

ORG Partners LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 3,422.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,822 shares of the retailer’s stock after acquiring an additional 60,067 shares during the period. ORG Partners LLC’s holdings in Walmart were worth $4,172,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in shares of Walmart in the 1st quarter valued at $25,000. Northwest Capital Management Inc boosted its holdings in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. Partnership Wealth Management LLC acquired a new position in shares of Walmart in the 4th quarter worth approximately $30,000. Able Wealth Management LLC bought a new position in shares of Walmart during the 4th quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart in the 4th quarter valued at $32,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the sale, the director now owns 144,807 shares in the company, valued at approximately $9,386,389.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the sale, the director now owns 144,807 shares in the company, valued at approximately $9,386,389.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The disclosure for this sale can be found here. Insiders have sold 14,540,863 shares of company stock valued at $954,455,147 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of analyst reports. KeyCorp lifted their price objective on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Wells Fargo & Company raised their price objective on shares of Walmart from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Evercore ISI boosted their target price on Walmart from $73.00 to $74.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. TD Cowen raised their price target on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, The Goldman Sachs Group lifted their price target on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $72.56.

Walmart Trading Up 0.8 %

WMT stock traded up $0.53 during midday trading on Wednesday, hitting $68.66. 22,496,912 shares of the company’s stock were exchanged, compared to its average volume of 17,426,109. Walmart Inc. has a one year low of $49.85 and a one year high of $71.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The company has a market cap of $552.27 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. The stock’s fifty day moving average price is $68.55 and its 200-day moving average price is $63.08.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. Research analysts predict that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

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.