Walmart Inc (NYSE:WMT) Shares Acquired by RFG Advisory LLC

RFG Advisory LLC increased its holdings in Walmart Inc (NYSE:WMT) by 27.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,467 shares of the retailer’s stock after acquiring an additional 3,743 shares during the quarter. RFG Advisory LLC’s holdings in Walmart were worth $1,926,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Paulson Wealth Management Inc. grew its position in Walmart by 10.1% in the 1st quarter. Paulson Wealth Management Inc. now owns 3,284 shares of the retailer’s stock valued at $320,000 after buying an additional 300 shares during the last quarter. Burt Wealth Advisors boosted its position in shares of Walmart by 24.7% during the 1st quarter. Burt Wealth Advisors now owns 3,039 shares of the retailer’s stock worth $296,000 after purchasing an additional 601 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Walmart by 7.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 54,179 shares of the retailer’s stock worth $5,284,000 after purchasing an additional 3,817 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Walmart by 51.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 160,841 shares of the retailer’s stock worth $15,686,000 after purchasing an additional 54,856 shares in the last quarter. Finally, Northwest Bancshares Inc. boosted its position in shares of Walmart by 5.0% during the 1st quarter. Northwest Bancshares Inc. now owns 34,041 shares of the retailer’s stock worth $3,320,000 after purchasing an additional 1,615 shares in the last quarter. 30.11% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider John R. Furner sold 7,900 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $114.72, for a total value of $906,288.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Chojnowski sold 3,680 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total transaction of $424,598.40. The disclosure for this sale can be found here. 50.22% of the stock is owned by insiders.

WMT has been the topic of several research analyst reports. UBS Group set a $115.00 target price on shares of Walmart and gave the stock a “hold” rating in a research report on Friday, August 16th. Bank of America restated a “buy” rating and set a $135.00 target price (up from $120.00) on shares of Walmart in a research report on Friday, August 16th. Gordon Haskett upgraded shares of Walmart from an “accumulate” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $125.00 in a research report on Thursday, August 15th. Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $121.00 target price on the stock. in a research report on Tuesday, September 17th. Finally, Goldman Sachs Group set a $123.00 target price on shares of Walmart and gave the stock a “buy” rating in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $116.09.

Shares of Walmart stock traded down $0.70 on Tuesday, hitting $117.98. The company’s stock had a trading volume of 1,607,464 shares, compared to its average volume of 5,224,492. Walmart Inc has a 52-week low of $85.78 and a 52-week high of $119.86. 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 firm has a fifty day moving average price of $114.49 and a 200-day moving average price of $107.49. The company has a market capitalization of $336.91 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 5.10 and a beta of 0.39.

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