Yarger Wealth Strategies LLC Makes New $212,000 Investment in Walmart Inc. (NYSE:WMT)

Yarger Wealth Strategies LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,136 shares of the retailer’s stock, valued at approximately $212,000.

A number of other hedge funds also recently made changes to their positions in the stock. Plancorp LLC grew its position in Walmart by 2.5% during the second quarter. Plancorp LLC now owns 52,282 shares of the retailer’s stock valued at $3,540,000 after acquiring an additional 1,268 shares during the last quarter. Sargent Investment Group LLC raised its position in Walmart by 7.0% in the 2nd quarter. Sargent Investment Group LLC now owns 71,203 shares of the retailer’s stock worth $4,821,000 after purchasing an additional 4,677 shares during the period. Arvest Trust Co. N A lifted its stake in Walmart by 0.6% in the second quarter. Arvest Trust Co. N A now owns 200,869 shares of the retailer’s stock worth $13,601,000 after purchasing an additional 1,153 shares during the last quarter. GDS Wealth Management boosted its position in Walmart by 4.9% during the second quarter. GDS Wealth Management now owns 258,607 shares of the retailer’s stock valued at $17,510,000 after buying an additional 12,104 shares during the period. Finally, Pekin Hardy Strauss Inc. grew its stake in shares of Walmart by 1.3% during the second quarter. Pekin Hardy Strauss Inc. now owns 68,708 shares of the retailer’s stock valued at $4,652,000 after buying an additional 910 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Tigress Financial upped their price target on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. HSBC raised their price target on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Finally, Bank of America upped their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Insider Activity

In related news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this link. In other 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 sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The disclosure for this sale can be found here. Insiders have sold a total of 10,203,360 shares of company stock valued at $788,678,803 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of Walmart stock opened at $80.60 on Tuesday. The company has a 50-day simple moving average of $72.73 and a two-hundred day simple moving average of $66.34. The stock has a market capitalization of $647.88 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period in the previous year, the business earned $0.61 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.