GFG Capital LLC Has $2.56 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

GFG Capital LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 3.2% in the 2nd quarter, Holdings Channel reports. The firm owned 37,848 shares of the retailer’s stock after acquiring an additional 1,165 shares during the period. GFG Capital LLC’s holdings in Walmart were worth $2,563,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WMT. AHL Investment Management Inc. raised its holdings in shares of Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after buying an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. grew its position in Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 315 shares during the last quarter. Core Wealth Advisors Inc. raised its stake in Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares in the last quarter. Liberty Wealth Management LLC bought a new position in shares of Walmart in the first quarter worth about $270,000. Finally, Commerce Bank boosted its stake in shares of Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the sale, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares in the company, valued at approximately $26,787,946.35. The disclosure for this sale can be found here. Insiders have sold 10,970,613 shares of company stock valued at $723,987,410 in the last three months. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on WMT. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research report on Friday. UBS Group upped their price target on shares of Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler reiterated an “overweight” rating and issued a $83.00 price target (up from $81.00) on shares of Walmart in a research note on Friday. Royal Bank of Canada boosted their price objective on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, DA Davidson increased their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday. Two investment 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 stock. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $78.57.

Walmart Stock Up 1.1 %

WMT traded up $0.84 during midday trading on Tuesday, hitting $74.56. The company had a trading volume of 14,423,731 shares, compared to its average volume of 17,599,436. The company has a market capitalization of $599.73 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 4.04 and a beta of 0.50. The stock’s 50 day moving average price is $68.99 and its 200 day moving average price is $63.56. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $74.75.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.61 earnings per share. On average, research analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

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.