Larson Financial Group LLC Has $2.06 Million Stock Position in Walmart Inc. (NYSE:WMT)

Larson Financial Group LLC boosted its position in Walmart Inc. (NYSE:WMT) by 10.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,448 shares of the retailer’s stock after acquiring an additional 2,853 shares during the period. Larson Financial Group LLC’s holdings in Walmart were worth $2,062,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Vanguard Group Inc. grew its stake in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares during the last quarter. Norges Bank acquired a new position in shares of Walmart during the 4th quarter worth about $3,674,652,000. Bank of New York Mellon Corp grew its holdings in Walmart by 183.0% during the first 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 purchasing an additional 18,865,484 shares during the period. Finally, Swiss National Bank increased its position in shares of Walmart by 187.4% in 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 in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMT has been the subject of several recent analyst reports. Jefferies Financial Group increased their price target on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday. HSBC increased their target price on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. TD Cowen lifted their price target on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Barclays boosted their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $78.99.

Insider Buying and Selling at Walmart

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 completion of the sale, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, major shareholder Alice L. Walton sold 1,250,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $66.11, for a total value of $82,637,500.00. Following the completion of the sale, the insider now directly owns 640,532,611 shares in the company, valued at approximately $42,345,610,913.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the transaction, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The disclosure for this sale can be found here. Insiders have sold a total of 6,306,511 shares of company stock worth $420,470,807 over the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.1 %

Walmart stock opened at $77.24 on Thursday. The stock has a 50-day simple moving average of $71.09 and a 200 day simple moving average of $65.16. The stock has a market capitalization of $621.28 billion, a P/E ratio of 33.06, a PEG ratio of 3.87 and a beta of 0.51. 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 Inc. has a 52 week low of $49.85 and a 52 week high of $77.81.

Walmart (NYSE:WMT) last issued its 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the previous year, the company posted $0.61 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts expect that Walmart Inc. will post 2.44 earnings per share for the current 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.