Walmart Inc. (NYSE:WMT) Shares Acquired by Cahill Financial Advisors Inc.

Cahill Financial Advisors Inc. increased its stake in shares of Walmart Inc. (NYSE:WMT) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,531 shares of the retailer’s stock after buying an additional 162 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Walmart were worth $239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new position in shares of Walmart during the first quarter worth about $25,000. Northwest Capital Management Inc grew its holdings in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the last quarter. TruNorth Capital Management LLC grew its holdings in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in shares of Walmart during the second quarter worth about $29,000. Finally, Partnership Wealth Management LLC purchased a new position in shares of Walmart during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. Truist Financial raised their price target on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Raymond James lifted their price objective on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. 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. DA Davidson lifted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Oppenheimer lifted their price objective on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Two 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Trading Up 0.9 %

Shares of Walmart stock opened at $77.35 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $77.81. The company has a market capitalization of $621.76 billion, a P/E ratio of 33.10, a P/E/G ratio of 3.84 and a beta of 0.51. The business has a 50 day moving average price of $71.64 and a 200 day moving average price of $65.62.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the previous year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 40,974 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $66.79, for a total value of $2,736,653.46. Following the completion of the transaction, the insider now directly owns 635,512,658 shares in the company, valued at approximately $42,445,890,427.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the sale, the chief executive officer now directly owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 40,974 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $66.79, for a total value of $2,736,653.46. Following the sale, the insider now owns 635,512,658 shares of the company’s stock, valued at $42,445,890,427.82. The disclosure for this sale can be found here. In the last three months, insiders sold 6,510,437 shares of company stock worth $487,759,176. Insiders own 45.58% of the company’s stock.

Walmart Company Profile

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.