Archford Capital Strategies LLC trimmed its stake in shares of Walmart Inc (NYSE:WMT) by 13.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,396 shares of the retailer’s stock after selling 6,938 shares during the period. Walmart comprises about 1.4% of Archford Capital Strategies LLC’s holdings, making the stock its 14th biggest holding. Archford Capital Strategies LLC’s holdings in Walmart were worth $3,974,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CSat Investment Advisory L.P. purchased a new stake in Walmart in the 2nd quarter worth about $111,000. Stelac Advisory Services LLC purchased a new stake in Walmart in the 1st quarter worth about $126,000. Kiley Juergens Wealth Management LLC purchased a new stake in Walmart in the 2nd quarter worth about $165,000. Adviser Investments LLC lifted its stake in Walmart by 77.0% in the 2nd quarter. Adviser Investments LLC now owns 1,935 shares of the retailer’s stock worth $166,000 after acquiring an additional 842 shares in the last quarter. Finally, Gradient Investments LLC purchased a new stake in Walmart in the 2nd quarter worth about $176,000. 29.43% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE WMT opened at $94.82 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. The stock has a market cap of $284.30 billion, a PE ratio of 21.45, a P/E/G ratio of 3.37 and a beta of 0.51. Walmart Inc has a 52 week low of $77.50 and a 52 week high of $109.98.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.07. The business had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 EPS. research analysts expect that Walmart Inc will post 4.8 earnings per share for the current year.
Several brokerages recently issued reports on WMT. Credit Suisse Group set a $85.00 price objective on Walmart and gave the stock a “neutral” rating in a research note on Thursday, August 16th. Guggenheim reissued a “buy” rating and issued a $110.00 price objective on shares of Walmart in a research note on Thursday, August 16th. Wells Fargo & Co reissued a “neutral” rating and issued a $95.00 price objective on shares of Walmart in a research note on Thursday, August 16th. Morgan Stanley reissued a “neutral” rating and issued a $98.00 price objective (up from $93.00) on shares of Walmart in a research note on Thursday, August 16th. Finally, Oppenheimer reaffirmed a “neutral” rating and set a $100.00 price target on shares of Walmart in a research note on Thursday, August 16th. Nineteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Walmart presently has a consensus rating of “Buy” and a consensus price target of $100.95.
In other news, Director S Robson Walton sold 881,158 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $97.60, for a total transaction of $86,001,020.80. Following the transaction, the director now owns 3,347,254 shares of the company’s stock, valued at approximately $326,691,990.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 1,030,640 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $96.65, for a total value of $99,611,356.00. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $652,250,257. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,990,876 shares of company stock worth $577,309,965. 51.11% of the stock is currently owned by insiders.
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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