Yarger Wealth Strategies LLC Takes Position in Walmart Inc. (NYSE:WMT)

Yarger Wealth Strategies LLC acquired a new position in Walmart Inc. (NYSE:WMT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,136 shares of the retailer’s stock, valued at approximately $212,000.

Other large investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in shares of Walmart during the 1st quarter valued at about $25,000. Northwest Capital Management Inc boosted its position in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. TruNorth Capital Management LLC increased 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 in the last quarter. Cultivar Capital Inc. bought a new stake in shares of Walmart during the 2nd quarter valued at $29,000. Finally, Able Wealth Management LLC purchased a new position in shares of Walmart during the 4th quarter valued at $30,000. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WMT has been the subject of a number of analyst reports. Stifel Nicolaus increased their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Evercore ISI lifted their target price on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Piper Sandler restated an “overweight” rating and issued a $83.00 price target (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. Wells Fargo & Company lifted their price objective on shares of Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Roth Mkm upped their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.99.

Insider Buying and Selling

In other Walmart news, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total value of $74,215,640.00. Following the completion of the transaction, the insider now directly owns 610,843,318 shares of the company’s stock, valued at $48,537,610,048.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Walmart news, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the transaction, the executive vice president now owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the sale, the insider now directly owns 610,843,318 shares in the company, valued at $48,537,610,048.28. The disclosure for this sale can be found here. Insiders have sold a total of 10,203,360 shares of company stock valued at $788,678,803 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $80.60 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company’s fifty day moving average price is $72.73 and its 200-day moving average price is $66.34. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.02. The firm has a market capitalization of $647.88 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating 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 business 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. On average, equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

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.