Several hedge funds have changed their Walmart holdings recently. EntryPoint Capital LLC invested about $25,000 in Walmart shares in the first quarter. TruNorth Capital Management increased its stake by 138.3% in Q2, now owning 429 shares valued at $29,000. Cultivar Capital purchased shares worth approximately $29,000 in Q2. FSA Wealth Management increased its holdings by 253.0% in Q1 to own 526 shares valued at $32,000. Kozak & Associates raised its stake by 216.4% in Q1, now owning 503 shares worth $32,000. Roughly 26.76% of Walmart’s stock is held by hedge funds and institutional investors.
Analyst Upgrades and Downgrades
Analysts recently offered various opinions on Walmart. Stifel Nicolaus raised their target price from $71.00 to $73.00, maintaining a “hold” rating. Oppenheimer increased their price target from $81.00 to $90.00 with an “outperform” rating. The Royal Bank of Canada lifted its target from $74.00 to $80.00, also with an “outperform” rating. Redburn Atlantic categorized Walmart as a “strong buy.” TD Cowen raised its target to $85.00 and gave a “buy” rating. Overall, one analyst rates it as a hold, twenty-eight as buy, and two as strong buy, with a consensus rating of “Buy” and a price target of $82.96.
Check Out Our Latest Analysis on Walmart
Insider Transactions at Walmart
Major shareholder Alice L. Walton sold 2,709,163 shares on September 3rd for $209,607,941.31 at an average price of $77.37. She now owns 630,501,148 shares valued at about $48.78 billion, a 0.00% change in her ownership. This sale was filed with the SEC. Similarly, S Robson Walton sold 4,057,369 shares on September 9th for $313,228,886.80 at an average price of $77.20, reducing his stake to 611,988,318 shares, valued at approximately $47.25 billion. In the past 90 days, insiders sold 12,337,337 shares worth $958 million, with company insiders holding 45.58% of the stock.
Walmart Stock Performance
Walmart (WMT) shares opened at $80.81. 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’s 12-month low is $49.85, and its high is $81.82. The 50-day moving average is $78.14, and the 200-day is $69.83, with a market cap of $650 billion. The P/E ratio is 34.53, and the price-to-earnings-growth ratio is 4.07.
Walmart announced its quarterly earnings on August 15th, reporting $0.67 earnings per share, beating estimates of $0.65. The company had a net margin of 2.34% and a return on equity of 21.72%, with revenues of $169.30 billion, surpassing the $168.56 billion estimate. This is a 4.7% revenue increase compared to last year, with analysts predicting $2.44 EPS for the current year.
Walmart Company Profile
Walmart Inc. operates retail, wholesale, and eCommerce on a global scale through Walmart U.S., Walmart International, and Sam’s Club. It has supercenters, supermarkets, hypermarkets, warehouse clubs, and discount stores under various brands, including Walmart and Walmart Neighborhood Market.
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Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com for the latest information on Walmart Inc. (NYSE:WMT – Free Report).
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