Opes Wealth Management LLC Makes New $224,000 Investment in Walmart Inc. (NYSE:WMT)

Opes Wealth Management LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,312 shares of the retailer’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Vanguard Group Inc. increased its stake in Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares during the last quarter. Norges Bank purchased a new stake in shares of Walmart in the fourth quarter worth about $3,674,652,000. Bank of New York Mellon Corp boosted its position in shares of Walmart by 183.0% in the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after buying an additional 18,865,484 shares during the period. Finally, Swiss National Bank boosted its position in shares of Walmart by 187.4% in the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after buying an additional 8,674,100 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 40,974 shares of the firm’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 value of $2,736,653.46. Following the sale, the insider now directly owns 635,512,658 shares in the company, valued at approximately $42,445,890,427.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Alice L. Walton sold 40,974 shares of the firm’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 value of $2,736,653.46. Following the sale, the insider now directly owns 635,512,658 shares in the company, valued at approximately $42,445,890,427.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the sale, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,144,237 shares of company stock worth $730,497,016. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Down 0.4 %

Shares of Walmart stock opened at $76.68 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The business’s 50 day simple moving average is $71.45 and its 200-day simple moving average is $65.38. The stock has a market capitalization of $616.37 billion, a price-to-earnings ratio of 32.82, a PEG ratio of 3.87 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $77.81.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. Equities research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

WMT has been the subject of several analyst reports. Barclays upped their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Oppenheimer upped their target price on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. UBS Group upped their target price on Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Truist Financial upped their target price on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Finally, Roth Mkm upped their target price on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.