180 Wealth Advisors LLC decreased its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 2.0% in the 2nd quarter, Holdings Channel reports. The fund owned 67,258 shares of the retailer’s stock after selling 1,403 shares during the quarter. Walmart accounts for approximately 0.9% of 180 Wealth Advisors LLC’s holdings, making the stock its 20th largest position. 180 Wealth Advisors LLC’s holdings in Walmart were worth $6,576,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Bedel Financial Consulting Inc. boosted its stake in Walmart by 0.4% in the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer’s stock worth $2,275,000 after purchasing an additional 102 shares during the period. Revolve Wealth Partners LLC boosted its stake in Walmart by 1.1% in the 2nd quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer’s stock worth $961,000 after purchasing an additional 103 shares during the period. Scott & Selber Inc. boosted its stake in Walmart by 3.7% in the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock worth $256,000 after purchasing an additional 105 shares during the period. Capital Advisors Wealth Management LLC boosted its stake in Walmart by 1.4% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer’s stock worth $684,000 after purchasing an additional 105 shares during the period. Finally, RoundAngle Advisors LLC boosted its stake in Walmart by 0.4% in the 2nd quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer’s stock worth $2,542,000 after purchasing an additional 105 shares during the period. Institutional investors own 26.76% of the company’s stock.
Walmart Stock Performance
Shares of NYSE WMT opened at $106.77 on Friday. The stock has a market cap of $851.29 billion, a price-to-earnings ratio of 40.14, a P/E/G ratio of 5.05 and a beta of 0.67. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $109.57. The stock’s 50-day moving average is $102.04 and its 200 day moving average is $98.44.
Insider Buying and Selling at Walmart
In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $98.55, for a total transaction of $1,293,468.75. Following the transaction, the executive vice president directly owned 919,189 shares in the company, valued at $90,586,075.95. This trade represents a 1.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $97.37, for a total value of $214,214.00. Following the transaction, the executive vice president owned 623,918 shares in the company, valued at approximately $60,750,895.66. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,622 shares of company stock worth $13,444,273 over the last quarter. Company insiders own 0.10% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Erste Group Bank upgraded Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Evercore ISI reaffirmed an “outperform” rating and issued a $111.00 price target (up previously from $110.00) on shares of Walmart in a report on Tuesday. UBS Group reaffirmed a “buy” rating and issued a $122.00 price target (up previously from $110.00) on shares of Walmart in a report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Walmart in a report on Wednesday, October 8th. Finally, Sanford C. Bernstein set a $117.00 price target on Walmart and gave the company an “outperform” rating in a report on Friday, August 22nd. Thirty-one equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $113.07.
Check Out Our Latest Analysis on WMT
Walmart 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.
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