MML Investors Services LLC lifted its position in shares of Walmart Inc (NYSE:WMT) by 6.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,078 shares of the retailer’s stock after acquiring an additional 9,653 shares during the quarter. MML Investors Services LLC’s holdings in Walmart were worth $17,576,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of WMT. Krane Funds Advisors LLC purchased a new stake in Walmart in the 2nd quarter worth approximately $26,000. AllSquare Wealth Management LLC lifted its position in Walmart by 235.3% during the 2nd quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock worth $31,000 after acquiring an additional 200 shares during the period. C J Advisory Inc purchased a new position in Walmart during the 1st quarter worth $29,000. Mcmillion Capital Management Inc. purchased a new stake in Walmart in the 2nd quarter valued at approximately $34,000. Finally, Litman Gregory Asset Management LLC purchased a new stake in shares of Walmart during the 2nd quarter worth $37,000. 30.05% of the stock is currently owned by institutional investors.
WMT stock traded up $0.19 during midday trading on Wednesday, reaching $116.24. The stock had a trading volume of 246,426 shares, compared to its average volume of 6,820,377. Walmart Inc has a 52-week low of $85.78 and a 52-week high of $117.96. The stock has a market cap of $330.88 billion, a PE ratio of 23.69, a P/E/G ratio of 5.01 and a beta of 0.39. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76. The firm has a fifty day simple moving average of $111.68 and a two-hundred day simple moving average of $105.66.
In related news, insider John R. Furner sold 7,900 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel J. Bartlett sold 3,000 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total value of $327,420.00. Following the sale, the insider now directly owns 122,673 shares in the company, valued at approximately $13,388,531.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,580 shares of company stock valued at $1,658,306. 50.22% of the stock is owned by company insiders.
Several research analysts have commented on WMT shares. BMO Capital Markets raised their price objective on Walmart to $125.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Guggenheim reiterated a “buy” rating and issued a $125.00 price target on shares of Walmart in a research note on Thursday, August 15th. Gordon Haskett upgraded shares of Walmart from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $115.00 to $125.00 in a research report on Thursday, August 15th. Royal Bank of Canada set a $112.00 price objective on Walmart and gave the company a “neutral” rating in a research note on Thursday, August 15th. Finally, Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research note on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $115.33.
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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