Kapstone Financial Advisors LLC Takes $223,000 Position in Walmart Inc. (NYSE:WMT)

Kapstone Financial Advisors LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT) in the second quarter, according to its most recent filing with the SEC. The firm purchased 3,297 shares of the retailer’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Aveo Capital Partners LLC increased its stake in shares of Walmart by 4.8% during the 4th quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock worth $683,000 after purchasing an additional 197 shares in the last quarter. 9258 Wealth Management LLC increased its stake in shares of Walmart by 1.8% during the 4th quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock worth $2,045,000 after purchasing an additional 235 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in shares of Walmart by 58.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer’s stock worth $1,033,000 after purchasing an additional 2,443 shares in the last quarter. Wealthspire Advisors LLC increased its stake in shares of Walmart by 33.0% during the 4th quarter. Wealthspire Advisors LLC now owns 29,541 shares of the retailer’s stock worth $4,657,000 after purchasing an additional 7,330 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of Walmart during the 4th quarter worth approximately $2,340,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 0.1 %

WMT stock traded up $0.06 during trading on Thursday, reaching $77.30. The stock had a trading volume of 669,179 shares, compared to its average volume of 17,355,250. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $77.81. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $621.77 billion, a P/E ratio of 32.99, a PEG ratio of 3.87 and a beta of 0.51. The firm has a fifty day moving average price of $71.09 and a 200 day moving average price of $65.16.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 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 firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.60, for a total transaction of $926,625.00. Following the completion of the sale, the executive vice president now owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the sale, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The disclosure for this sale can be found here. Insiders have sold 6,306,511 shares of company stock worth $420,470,807 in the last quarter. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WMT. Piper Sandler reissued an “overweight” rating and set a $83.00 price objective (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. Robert W. Baird lifted their target price on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Morgan Stanley lifted their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Oppenheimer lifted their target price on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Finally, DA Davidson lifted their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart has a consensus 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.