GAMMA Investing LLC Raises Stake in Walmart Inc. (NYSE:WMT)

GAMMA Investing LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 68.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 54,091 shares of the retailer’s stock after purchasing an additional 22,053 shares during the period. Walmart makes up 0.5% of GAMMA Investing LLC’s investment portfolio, making the stock its 26th largest holding. GAMMA Investing LLC’s holdings in Walmart were worth $3,663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lewis Asset Management LLC acquired a new stake in shares of Walmart in the 4th quarter worth $208,000. Total Clarity Wealth Management Inc. lifted its stake in shares of Walmart by 12.8% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 2,398 shares of the retailer’s stock worth $378,000 after acquiring an additional 273 shares during the period. Clear Creek Financial Management LLC lifted its stake in shares of Walmart by 56.1% in the 4th quarter. Clear Creek Financial Management LLC now owns 3,190 shares of the retailer’s stock worth $504,000 after acquiring an additional 1,147 shares during the period. Breakwater Capital Group lifted its stake in shares of Walmart by 13.6% in the 4th quarter. Breakwater Capital Group now owns 3,527 shares of the retailer’s stock worth $573,000 after acquiring an additional 423 shares during the period. Finally, China Universal Asset Management Co. Ltd. lifted its stake in shares of Walmart by 400,000.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 20,005 shares of the retailer’s stock worth $3,159,000 after acquiring an additional 20,000 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on WMT. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, July 1st. KeyCorp raised their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Piper Sandler began coverage on shares of Walmart in a research note on Wednesday, July 10th. They issued an “overweight” rating and a $81.00 price objective for the company. Truist Financial raised their price objective on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Finally, Jefferies Financial Group raised their price objective on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.60.

Walmart Trading Down 1.9 %

Walmart stock traded down $1.33 during trading on Friday, reaching $68.46. The company had a trading volume of 23,578,664 shares, compared to its average volume of 14,048,109. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $71.33. The stock’s 50 day moving average price is $68.23 and its two-hundred day moving average price is $62.41. The firm has a market capitalization of $550.66 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 3.95 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. Walmart’s revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts expect that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total transaction of $926,625.00. Following the transaction, the executive vice president now directly owns 632,415 shares of the company’s stock, valued at $44,648,499. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now directly owns 3,931,301 shares in the company, valued at $277,589,163.61. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,537,863 shares of company stock worth $954,247,577. 45.58% of the stock is owned by company insiders.

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.