Harwood Advisory Group LLC Invests $2.79 Million in Walmart Inc (NYSE:WMT)

Harwood Advisory Group LLC acquired a new position in shares of Walmart Inc (NYSE:WMT) in the 2nd quarter, Holdings Channel reports. The fund acquired 25,286 shares of the retailer’s stock, valued at approximately $2,794,000.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Walmart by 0.4% during the first quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock valued at $2,347,413,000 after purchasing an additional 90,683 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Walmart by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after acquiring an additional 1,532,362 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Walmart by 2.4% during the 2nd quarter. Fisher Asset Management LLC now owns 10,628,920 shares of the retailer’s stock worth $1,174,389,000 after acquiring an additional 251,933 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Walmart by 11,482.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock worth $244,438,000 after acquiring an additional 2,423,276 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Walmart by 1.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,392,948 shares of the retailer’s stock worth $153,908,000 after acquiring an additional 15,980 shares during the last quarter. 29.99% of the stock is owned by institutional investors.

In other Walmart news, insider Daniel J. Bartlett sold 3,000 shares of Walmart stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the transaction, the insider now directly owns 122,673 shares of the company’s stock, valued at approximately $13,388,531.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John R. Furner sold 7,900 shares of Walmart stock in a transaction on Monday, August 19th. The stock was sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,783,026 shares of company stock worth $187,848,418. 51.11% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on WMT. Sanford C. Bernstein upgraded shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target on the stock in a research note on Thursday, May 2nd. Guggenheim restated a “buy” rating and set a $125.00 price objective on shares of Walmart in a research report on Thursday, August 15th. Daiwa Capital Markets upgraded shares of Walmart from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 21st. Jefferies Financial Group raised 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. Finally, UBS Group set a $115.00 price objective on shares of Walmart and gave the company a “hold” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $114.99.

NYSE WMT traded down $1.08 on Friday, reaching $110.83. The company had a trading volume of 5,100,919 shares, compared to its average volume of 7,066,214. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $319.47 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 4.82 and a beta of 0.41. The firm’s 50 day moving average price is $111.54 and its 200 day moving average price is $104.20. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $115.49.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. The company had revenue of $130.40 billion for the quarter, compared to the consensus estimate 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 firm posted $1.29 EPS. On average, research analysts expect that Walmart Inc will post 4.91 EPS for the current year.

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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