Second Line Capital LLC Increases Stake in Walmart Inc. (NYSE:WMT)

Second Line Capital LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,450 shares of the retailer’s stock after purchasing an additional 2,614 shares during the quarter. Walmart makes up approximately 1.0% of Second Line Capital LLC’s portfolio, making the stock its 21st biggest position. Second Line Capital LLC’s holdings in Walmart were worth $3,751,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. TCW Group Inc. boosted its position in Walmart by 140.1% during the 3rd quarter. TCW Group Inc. now owns 151,115 shares of the retailer’s stock valued at $12,203,000 after buying an additional 88,177 shares during the period. Soltis Investment Advisors LLC boosted its holdings in shares of Walmart by 31.9% during the third quarter. Soltis Investment Advisors LLC now owns 11,716 shares of the retailer’s stock worth $946,000 after purchasing an additional 2,831 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Walmart by 3.1% during the third quarter. Toronto Dominion Bank now owns 2,337,363 shares of the retailer’s stock worth $188,742,000 after purchasing an additional 71,075 shares during the period. Strait & Sound Wealth Management LLC grew its stake in shares of Walmart by 6.1% in the third quarter. Strait & Sound Wealth Management LLC now owns 18,651 shares of the retailer’s stock worth $1,506,000 after purchasing an additional 1,068 shares during the last quarter. Finally, Synergy Financial Group LTD purchased a new position in Walmart during the 3rd quarter valued at about $266,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the sale, the executive vice president now owns 375,165 shares in the company, valued at $34,691,507.55. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder S Robson Walton sold 1,804,000 shares of Walmart stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $79.18, for a total value of $142,840,720.00. Following the transaction, the insider now directly owns 605,979,318 shares in the company, valued at approximately $47,981,442,399.24. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,243,091 shares of company stock worth $257,591,179. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WMT shares. The Goldman Sachs Group lifted their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. TD Cowen lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Roth Mkm upped their price objective on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Royal Bank of Canada raised their target price on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Oppenheimer boosted their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.27.

Walmart Stock Up 0.8 %

WMT stock opened at $94.57 on Wednesday. The stock has a market capitalization of $759.72 billion, a P/E ratio of 38.81, a P/E/G ratio of 4.45 and a beta of 0.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $96.18. The business has a fifty day moving average price of $85.00 and a 200-day moving average price of $76.28.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. Equities analysts forecast that Walmart Inc. will post 2.47 earnings per share 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.