Walmart Inc. (NYSE:WMT) Shares Purchased by Financial Gravity Asset Management Inc.

Financial Gravity Asset Management Inc. lifted its holdings in Walmart Inc. (NYSE:WMT) by 218.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 35,318 shares of the retailer’s stock after purchasing an additional 24,221 shares during the period. Financial Gravity Asset Management Inc.’s holdings in Walmart were worth $2,391,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in Walmart during the 1st quarter worth $25,000. Northwest Capital Management Inc grew 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 last quarter. TruNorth Capital Management LLC increased its holdings in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in shares of Walmart in the 2nd quarter worth about $29,000. Finally, Partnership Wealth Management LLC bought a new stake in Walmart in the 4th quarter valued at about $30,000. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. KeyCorp upped their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Royal Bank of Canada increased their price objective on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Guggenheim lifted their target price on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Barclays increased their price target on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.99.

Insider Activity

In related news, major shareholder S Robson Walton sold 1,244,347 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the completion of the transaction, the insider now owns 633,518,311 shares of the company’s stock, valued at approximately $42,211,325,061.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder S Robson Walton sold 1,244,347 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $66.63, for a total value of $82,910,840.61. Following the completion of the sale, the insider now directly owns 633,518,311 shares of the company’s stock, valued at approximately $42,211,325,061.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now directly owns 658,665 shares in the company, valued at approximately $44,031,755.25. The disclosure for this sale can be found here. Insiders have sold 10,144,237 shares of company stock worth $730,497,016 over the last 90 days. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of NYSE WMT opened at $76.64 on Friday. The stock’s fifty day simple moving average is $71.45 and its 200 day simple moving average is $65.43. The stock has a market capitalization of $616.05 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 3.87 and a beta of 0.51. 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 Inc. has a 52-week low of $49.85 and a 52-week high of $77.81.

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 analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the business posted $0.61 EPS. Walmart’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal 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.