Walmart Inc. (NYSE:WMT) Shares Purchased by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. grew its stake in shares of Walmart Inc. (NYSE:WMT) by 18.3% in the second quarter, HoldingsChannel reports. The fund owned 6,177 shares of the retailer’s stock after buying an additional 954 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Walmart were worth $417,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of WMT. EntryPoint Capital LLC acquired a new position in shares of Walmart in the 1st quarter valued at $25,000. Northwest Capital Management Inc raised its position in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the period. TruNorth Capital Management LLC boosted its holdings in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in Walmart during the second quarter valued at about $29,000. Finally, Partnership Wealth Management LLC acquired a new stake in Walmart during the fourth quarter worth about $30,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction that occurred on 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 directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the sale, the senior vice president now directly owns 94,415 shares in the company, valued at $6,420,220. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,513,707 shares of company stock worth $797,374,003. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $78.80 on Wednesday. The firm has a market capitalization of $633.41 billion, a PE ratio of 33.72, a P/E/G ratio of 3.84 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $78.90. The company’s 50 day simple moving average is $71.86 and its 200 day simple moving average is $65.76.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 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 company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays boosted their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Telsey Advisory Group increased their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Truist Financial raised their target price on shares of Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Piper Sandler restated an “overweight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research note 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Company 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.