Walmart Inc. (NYSE:WMT) Shares Acquired by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,505 shares of the retailer’s stock after acquiring an additional 195 shares during the period. Revolve Wealth Partners LLC’s holdings in Walmart were worth $576,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Partnership Wealth Management LLC acquired a new position in Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC purchased a new stake in Walmart in the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart during the 4th quarter valued at $32,000. Signature Resources Capital Management LLC purchased a new position in Walmart during the fourth quarter worth $35,000. Finally, Tidemark LLC acquired a new position in shares of Walmart in the fourth quarter worth $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WMT. Tigress Financial boosted their price objective on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Bank of America raised their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. UBS Group increased their target price on Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday. Evercore ISI lifted their price target on Walmart from $74.00 to $78.00 and gave the company an “outperform” rating in a report on Friday. Finally, Royal Bank of Canada increased their price objective on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday. Three research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.79.

Walmart Stock Up 0.7 %

WMT stock traded up $0.48 during mid-day trading on Friday, hitting $73.45. 19,872,144 shares of the company were exchanged, compared to its average volume of 17,647,650. The company has a market capitalization of $590.80 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 3.95 and a beta of 0.50. The firm has a fifty day simple moving average of $68.86 and a 200 day simple moving average of $63.37. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $74.44.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period last year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the sale, the director now owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the transaction, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the sale, the director now owns 144,807 shares in the company, valued at $9,386,389.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,000,613 shares of company stock valued at $725,932,010. Company insiders own 45.58% of the company’s stock.

About Walmart

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.