GWM Advisors LLC Purchases 101,976 Shares of Walmart Inc (NYSE:WMT)

GWM Advisors LLC lifted its position in shares of Walmart Inc (NYSE:WMT) by 294.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,588 shares of the retailer’s stock after purchasing an additional 101,976 shares during the quarter. Walmart accounts for 0.9% of GWM Advisors LLC’s portfolio, making the stock its 24th largest position. GWM Advisors LLC’s holdings in Walmart were worth $15,092,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Centric Wealth Management lifted its position in Walmart by 6.6% in the 2nd quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock valued at $577,000 after acquiring an additional 322 shares in the last quarter. Carroll Financial Associates Inc. lifted its position in Walmart by 35.0% in the 2nd quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock valued at $1,591,000 after acquiring an additional 3,733 shares in the last quarter. CWM LLC lifted its position in Walmart by 100.9% in the 1st quarter. CWM LLC now owns 99,577 shares of the retailer’s stock valued at $9,712,000 after acquiring an additional 50,003 shares in the last quarter. Eads & Heald Wealth Management lifted its position in Walmart by 22.2% in the 1st quarter. Eads & Heald Wealth Management now owns 19,378 shares of the retailer’s stock valued at $1,890,000 after acquiring an additional 3,520 shares in the last quarter. Finally, Charter Trust Co. lifted its position in Walmart by 0.7% in the 2nd quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock valued at $4,967,000 after acquiring an additional 301 shares in the last quarter. 29.99% of the stock is currently owned by institutional investors.

Shares of Walmart stock traded up $1.19 during trading on Monday, hitting $114.18. 334,974 shares of the stock were exchanged, compared to its average volume of 6,250,745. The stock has a market capitalization of $321.70 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 4.91 and a beta of 0.41. The company has a fifty day moving average price of $111.36 and a 200-day moving average price of $103.71. Walmart Inc has a 1-year low of $85.78 and a 1-year high of $115.49. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.05. The company had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. Walmart had a net margin of 2.48% and a return on equity of 18.23%. Walmart’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 EPS. Equities research analysts forecast that Walmart Inc will post 4.91 EPS for the current fiscal year.

Several equities research analysts recently commented on WMT shares. Raymond James boosted their price objective on shares of Walmart from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Financial Group boosted their price objective on shares of Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Sanford C. Bernstein raised shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price objective on the stock in a research report on Thursday, May 2nd. Gordon Haskett raised shares of Walmart from an “accumulate” rating to a “buy” rating and boosted their price objective for the company from $115.00 to $125.00 in a research report on Thursday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 price target (up from $118.00) on shares of Walmart in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nineteen have given a buy rating to the stock. Walmart has a consensus rating of “Buy” and a consensus target price of $113.28.

In related news, Director S Robson Walton sold 1,322,329 shares of Walmart stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $102.04, for a total transaction of $134,930,451.16. Following the completion of the sale, the director now owns 3,347,511 shares of the company’s stock, valued at approximately $341,580,022.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jim C. Walton sold 1,014,826 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $105.33, for a total transaction of $106,891,622.58. Following the completion of the sale, the insider now directly owns 17,502,080 shares of the company’s stock, valued at approximately $1,843,494,086.40. The disclosure for this sale can be found here. Insiders have sold a total of 3,097,455 shares of company stock valued at $321,872,581 in the last ninety days. 50.22% of the stock is currently owned by insiders.

Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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