Nicholas Hoffman & Company LLC. Buys 429 Shares of Walmart Inc. (NYSE:WMT)

Nicholas Hoffman & Company LLC. lifted its stake in Walmart Inc. (NYSE:WMT) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,768 shares of the retailer’s stock after acquiring an additional 429 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Walmart were worth $2,016,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in shares of Walmart in the 1st quarter valued at about $25,000. Northwest Capital Management Inc increased its holdings in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the period. TruNorth Capital Management LLC raised its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the second quarter worth about $29,000. Finally, Partnership Wealth Management LLC purchased a new stake in Walmart in the fourth quarter valued at approximately $30,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Royal Bank of Canada boosted their target price on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Raymond James lifted their price objective on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft lifted their price target on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Wells Fargo & Company upped their target price on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at $270,851,892.78. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, major shareholder Alice L. Walton sold 1,250,000 shares of the stock in a transaction dated 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 owns 640,532,611 shares in the company, valued at $42,345,610,913.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,306,511 shares of company stock valued at $420,470,807. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

Shares of Walmart stock traded down $0.40 on Thursday, reaching $76.84. 2,389,858 shares of the stock were exchanged, compared to its average volume of 17,363,479. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $618.07 billion, a PE ratio of 32.99, a PEG ratio of 3.87 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $77.81. The business has a fifty day moving average price of $71.09 and a two-hundred day moving average price of $65.16.

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 the consensus estimate of $168.56 billion. During the same period in the prior year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts anticipate that Walmart Inc. will post 2.44 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.