Montag & Caldwell LLC Buys New Position in Walmart Inc. (NYSE:WMT)

Montag & Caldwell LLC bought a new stake in Walmart Inc. (NYSE:WMT) in the second quarter, Holdings Channel reports. The fund bought 3,000 shares of the retailer’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Able Wealth Management LLC bought a new position in Walmart in the 4th quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC bought a new position in Walmart in the 4th quarter valued at about $32,000. Tidemark LLC bought a new position in Walmart in the 4th quarter valued at about $37,000. Frank Rimerman Advisors LLC bought a new position in shares of Walmart during the 4th quarter valued at about $48,000. Finally, EntryPoint Capital LLC bought a new position in shares of Walmart during the 1st quarter valued at about $25,000. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WMT shares. TD Cowen raised their price objective on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. KeyCorp raised their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. BMO Capital Markets restated an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. Tigress Financial raised their price objective on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (up 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.99.

Walmart Price Performance

Shares of WMT opened at $80.60 on Monday. The firm 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 firm’s 50 day moving average price is $72.51 and its 200 day moving average price is $66.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $80.68.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Walmart news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 390,165 shares in the company, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. Insiders have sold a total of 10,203,360 shares of company stock worth $788,678,803 over the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart 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.