Tlwm Purchases 156 Shares of Walmart Inc. (NYSE:WMT)

Tlwm grew its position in shares of Walmart Inc. (NYSE:WMT) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,672 shares of the retailer’s stock after purchasing an additional 156 shares during the period. Tlwm’s holdings in Walmart were worth $939,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Paragon Wealth Strategies LLC bought a new stake in shares of Walmart in the 2nd quarter valued at about $31,000. ShoreHaven Wealth Partners LLC lifted its stake in shares of Walmart by 70.1% in the 1st quarter. ShoreHaven Wealth Partners LLC now owns 342 shares of the retailer’s stock valued at $46,000 after acquiring an additional 141 shares during the last quarter. Freedman Financial Associates Inc. lifted its stake in shares of Walmart by 40.0% in the 2nd quarter. Freedman Financial Associates Inc. now owns 350 shares of the retailer’s stock valued at $49,000 after acquiring an additional 100 shares during the last quarter. tru Independence LLC bought a new stake in shares of Walmart in the 2nd quarter valued at about $60,000. Finally, Lake Point Wealth Management bought a new stake in shares of Walmart in the 2nd quarter valued at about $72,000. 30.22% of the stock is owned by hedge funds and other institutional investors.

In other Walmart news, major shareholder Jim C. Walton sold 670,603 shares of the firm’s stock in a transaction on Wednesday, September 8th. The shares were sold at an average price of $147.53, for a total transaction of $98,934,060.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Jim C. Walton sold 254,700 shares of the firm’s stock in a transaction on Monday, August 23rd. The stock was sold at an average price of $150.93, for a total transaction of $38,441,871.00. The disclosure for this sale can be found here. Insiders sold a total of 21,035,211 shares of company stock worth $2,963,644,200 over the last ninety days. Insiders own 48.44% of the company’s stock.

A number of research analysts recently issued reports on WMT shares. Deutsche Bank Aktiengesellschaft boosted their price target on Walmart from $181.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, August 18th. Tigress Financial restated a “hold” rating and issued a $170.00 price target on shares of Walmart in a research note on Friday, August 27th. Raymond James upped their price objective on Walmart from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, August 18th. Cowen upped their price objective on Walmart from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, August 18th. Finally, Evercore ISI reissued a “hold” rating on shares of Walmart in a report on Thursday, August 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $167.59.

Shares of WMT stock traded down $0.23 during trading hours on Wednesday, hitting $144.07. The company had a trading volume of 129,894 shares, compared to its average volume of 8,242,497. The stock has a market capitalization of $401.74 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 4.21 and a beta of 0.47. Walmart Inc. has a fifty-two week low of $126.28 and a fifty-two week high of $153.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.38. The company’s fifty day moving average is $145.38 and its 200 day moving average is $140.40.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Monday, August 16th. The retailer reported $1.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.21. Walmart had a net margin of 1.78% and a return on equity of 20.22%. The business had revenue of $141 billion for the quarter, compared to analyst estimates of $136.07 billion. During the same period last year, the business earned $1.56 EPS. The company’s revenue was up 2.4% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 6.3 earnings per share for the current year.

Walmart Company Profile

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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