3,501 Shares in Walmart Inc. (NYSE:WMT) Acquired by Black Diamond Financial LLC

Black Diamond Financial LLC acquired a new stake in Walmart Inc. (NYSE:WMT) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,501 shares of the retailer’s stock, valued at approximately $237,000.

Several other institutional investors have also added to or reduced their stakes in the business. Bcwm LLC lifted its holdings in shares of Walmart by 1.2% during the second quarter. Bcwm LLC now owns 127,842 shares of the retailer’s stock valued at $8,656,000 after purchasing an additional 1,544 shares in the last quarter. Fairfield Financial Advisors LTD bought a new position in Walmart during the 2nd quarter valued at about $167,000. Tennessee Valley Asset Management Partners boosted its holdings in shares of Walmart by 82.7% during the 2nd quarter. Tennessee Valley Asset Management Partners now owns 8,411 shares of the retailer’s stock valued at $570,000 after acquiring an additional 3,808 shares during the last quarter. Plato Investment Management Ltd grew its stake in shares of Walmart by 5.3% in the second quarter. Plato Investment Management Ltd now owns 96,932 shares of the retailer’s stock worth $6,563,000 after acquiring an additional 4,893 shares during the period. Finally, Poehling Capital Management INC. raised its holdings in shares of Walmart by 5.6% during the second quarter. Poehling Capital Management INC. now owns 5,683 shares of the retailer’s stock valued at $385,000 after purchasing an additional 300 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on WMT shares. Oppenheimer lifted their target price on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. KeyCorp raised their target price on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Morgan Stanley upped their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, HSBC raised their price objective on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Two 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Stock Performance

WMT opened at $80.60 on Monday. The stock has a market capitalization of $647.88 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 3.99 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $80.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a fifty day moving average of $72.51 and a 200 day moving average of $66.18.

Walmart (NYSE:WMT) last issued 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 during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share. As a group, sell-side analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the sale, the insider now owns 610,843,318 shares in the company, valued at $48,537,610,048.28. 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 in the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart 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.