3,501 Shares in Walmart Inc. (NYSE:WMT) Purchased by Black Diamond Financial LLC

Black Diamond Financial LLC acquired a new position in Walmart Inc. (NYSE:WMT) in the 2nd quarter, HoldingsChannel reports. The fund acquired 3,501 shares of the retailer’s stock, valued at approximately $237,000.

Several other large investors have also modified their holdings of WMT. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the first quarter valued at $25,000. Northwest Capital Management Inc increased its position in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the period. TruNorth Capital Management LLC raised its stake in shares of Walmart by 138.3% during 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 in the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart in the second quarter valued at approximately $29,000. Finally, Able Wealth Management LLC purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.2 %

Walmart stock opened at $80.60 on Monday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $80.68. The company has a market cap of $647.88 billion, a PE ratio of 34.49, a PEG ratio of 3.99 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. The business’s 50-day simple moving average is $72.51 and its two-hundred day simple moving average is $66.18.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. 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 prior year, the company earned $0.61 EPS. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the company’s 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 sale, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Walmart news, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the sale, the executive vice president now owns 390,165 shares in the company, valued at approximately $26,367,350.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The disclosure for this sale can be found here. Insiders sold a total of 10,203,360 shares of company stock valued at $788,678,803 over the last 90 days. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. DA Davidson lifted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. KeyCorp increased their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Guggenheim boosted their price target on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price target (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

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.