Crumly & Associates Inc. Increases Holdings in Walmart Inc. (NYSE:WMT)

Crumly & Associates Inc. raised its stake in Walmart Inc. (NYSE:WMT) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,560 shares of the retailer’s stock after purchasing an additional 188 shares during the period. Crumly & Associates Inc.’s holdings in Walmart were worth $986,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WMT. Rossmore Private Capital raised its position in Walmart by 0.3% in the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after purchasing an additional 65 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of Walmart by 0.3% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after acquiring an additional 65 shares during the period. Landmark Financial Advisors LLC raised its holdings in Walmart by 1.0% during the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after purchasing an additional 70 shares in the last quarter. MinichMacGregor Wealth Management LLC raised its stake in shares of Walmart by 4.0% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 2,063 shares of the retailer’s stock worth $325,000 after buying an additional 79 shares in the last quarter. Finally, Lee Financial Co lifted its holdings in shares of Walmart by 2.1% in the 4th quarter. Lee Financial Co now owns 4,076 shares of the retailer’s stock valued at $644,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 1.1 %

Shares of WMT stock traded down $0.82 on Thursday, reaching $76.42. 3,379,271 shares of the stock were exchanged, compared to its average volume of 17,371,836. The firm has a 50 day moving average of $71.09 and a two-hundred day moving average of $65.16. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $77.81. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock has a market cap of $614.69 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WMT shares. Evercore ISI upped their price target on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. UBS Group upped their target price on shares of Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Truist Financial increased their target price on shares of Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a report on Friday, August 16th. Raymond James boosted their price target on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, Citigroup raised their price objective on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now directly owns 3,931,301 shares in the company, valued at $277,589,163.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 1,250,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 640,532,611 shares of the company’s stock, valued at approximately $42,345,610,913.21. The disclosure for this sale can be found here. In the last three months, insiders sold 6,306,511 shares of company stock worth $420,470,807. 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.