3,383 Shares in Walmart Inc. (NYSE:WMT) Purchased by Goldstein Advisors LLC

Goldstein Advisors LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,383 shares of the retailer’s stock, valued at approximately $229,000.

Other hedge funds have also added to or reduced their stakes in the company. AHL Investment Management Inc. boosted its stake in shares of Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. boosted its position in Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 315 shares in the last quarter. Core Wealth Advisors Inc. increased its holdings in shares of Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after acquiring an additional 420 shares during the period. Liberty Wealth Management LLC bought a new position in shares of Walmart in the 1st quarter worth $270,000. Finally, Commerce Bank boosted its position in Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WMT shares. The Goldman Sachs Group boosted their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Jefferies Financial Group increased their target price on shares of Walmart from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, August 12th. TD Cowen lifted their price target on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. UBS Group increased their price objective on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Piper Sandler restated an “overweight” rating and set a $83.00 target price (up from $81.00) on shares of Walmart in a research note 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.64.

Insider Activity

In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the transaction, the insider now owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The disclosure for this sale can be found here. Insiders sold 8,827,328 shares of company stock worth $584,261,549 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

NYSE WMT traded up $0.06 during mid-day trading on Friday, reaching $75.64. 6,815,399 shares of the stock were exchanged, compared to its average volume of 17,513,164. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $76.22. 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 business’s 50 day moving average is $69.51 and its 200-day moving average is $63.85. The company has a market capitalization of $608.41 billion, a P/E ratio of 32.16, a P/E/G ratio of 4.04 and a beta of 0.50.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period last year, the firm earned $0.61 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc. will post 2.43 EPS 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.