Walmart Inc. (NYSE:WMT) Shares Acquired by Evermay Wealth Management LLC

Evermay Wealth Management LLC increased its position in Walmart Inc. (NYSE:WMT) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,572 shares of the retailer’s stock after acquiring an additional 344 shares during the period. Evermay Wealth Management LLC’s holdings in Walmart were worth $445,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WMT. Vanguard Group Inc. increased its holdings in shares of Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after buying an additional 36,625,314 shares during the period. Norges Bank acquired a new position in Walmart during the 4th quarter valued at about $3,674,652,000. Bank of New York Mellon Corp increased its stake in Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after buying an additional 18,865,484 shares during the period. Finally, Swiss National Bank increased its stake in Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after buying an additional 8,674,100 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder S Robson Walton sold 1,244,347 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the completion of the sale, the insider now directly owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Walmart news, major shareholder S Robson Walton sold 1,244,347 shares of Walmart stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the completion of the sale, the insider now directly owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 1,250,000 shares of Walmart stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the completion of the sale, the insider now owns 640,532,611 shares of the company’s stock, valued at $42,345,610,913.21. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,306,511 shares of company stock worth $420,470,807. 45.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on WMT shares. Raymond James raised their target price on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Citigroup raised their target price on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. DA Davidson raised their target price 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. Tigress Financial lifted their price objective on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, HSBC lifted their price objective on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.64.

Walmart Stock Up 0.7 %

Shares of WMT stock traded up $0.54 during trading on Tuesday, hitting $77.77. 1,798,541 shares of the company were exchanged, compared to its average volume of 17,324,820. 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 firm has a market capitalization of $625.55 billion, a price-to-earnings ratio of 33.05, a P/E/G ratio of 3.87 and a beta of 0.51. The business’s 50-day simple moving average is $70.71 and its 200 day simple moving average is $64.93. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $77.80.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. As a group, analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.