DDFG Inc Has $524,000 Stake in Walmart Inc. (NYSE:WMT)

DDFG Inc lifted its holdings in Walmart Inc. (NYSE:WMT) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,738 shares of the retailer’s stock after acquiring an additional 737 shares during the quarter. DDFG Inc’s holdings in Walmart were worth $524,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Aveo Capital Partners LLC increased its position in Walmart by 4.8% in the 4th quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock valued at $683,000 after acquiring an additional 197 shares in the last quarter. 9258 Wealth Management LLC increased its holdings in shares of Walmart by 1.8% in the fourth quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock valued at $2,045,000 after purchasing an additional 235 shares in the last quarter. Gryphon Financial Partners LLC raised its position in Walmart by 58.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer’s stock worth $1,033,000 after purchasing an additional 2,443 shares during the last quarter. Versor Investments LP lifted its holdings in Walmart by 6.3% during the 4th quarter. Versor Investments LP now owns 3,710 shares of the retailer’s stock worth $585,000 after buying an additional 220 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Walmart by 24.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 15,551 shares of the retailer’s stock valued at $2,452,000 after buying an additional 3,044 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $76.64 on Monday. The firm has a market cap of $616.05 billion, a PE ratio of 32.80, a P/E/G ratio of 3.84 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $77.81. The company’s fifty day simple moving average is $71.45 and its 200-day simple moving average is $65.48. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

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. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. Equities research analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 40,974 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $66.79, for a total transaction of $2,736,653.46. Following the transaction, the insider now owns 635,512,658 shares of the company’s stock, valued at approximately $42,445,890,427.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, major shareholder S Robson Walton sold 1,244,347 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the transaction, the insider now owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 40,974 shares of Walmart stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $66.79, for a total value of $2,736,653.46. Following the transaction, the insider now owns 635,512,658 shares of the company’s stock, valued at $42,445,890,427.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,510,437 shares of company stock valued at $487,759,176. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Truist Financial increased their price target on Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Raymond James lifted their price objective on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft increased their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, BMO Capital Markets restated an “outperform” rating and set a $80.00 target price on shares of Walmart in a research report on Friday, August 16th. Two 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’s stock. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average price target 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.