Fluent Financial LLC Acquires 2,545 Shares of Walmart Inc. (NYSE:WMT)

Fluent Financial LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,218 shares of the retailer’s stock after acquiring an additional 2,545 shares during the quarter. Walmart accounts for about 2.3% of Fluent Financial LLC’s investment portfolio, making the stock its 13th biggest position. Fluent Financial LLC’s holdings in Walmart were worth $4,484,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the 1st quarter valued at $25,000. Northwest Capital Management Inc lifted its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new position in Walmart in the second quarter valued at about $29,000. Finally, Partnership Wealth Management LLC bought a new stake in Walmart during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Robert W. Baird increased their target price on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Stifel Nicolaus raised their target price on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Bank of America increased their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Walmart Trading Down 0.4 %

Shares of WMT stock traded down $0.32 on Friday, reaching $76.64. The company had a trading volume of 3,406,101 shares, compared to its average volume of 17,343,105. The stock has a market cap of $616.05 billion, a PE ratio of 32.77, a PEG ratio of 3.87 and a beta of 0.51. The company has a 50-day moving average of $71.27 and a 200-day moving average of $65.24. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $77.81.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. On average, equities analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the transaction, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the sale, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The disclosure for this sale can be found here. Insiders sold a total of 10,144,237 shares of company stock worth $730,497,016 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Company 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.