Peterson Wealth Management Purchases 8,735 Shares of Walmart Inc. (NYSE:WMT)

Peterson Wealth Management boosted its position in Walmart Inc. (NYSE:WMT) by 17.3% in the 2nd quarter, Holdings Channel reports. The firm owned 59,191 shares of the retailer’s stock after buying an additional 8,735 shares during the quarter. Walmart accounts for approximately 2.5% of Peterson Wealth Management’s portfolio, making the stock its 16th biggest position. Peterson Wealth Management’s holdings in Walmart were worth $4,008,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in shares of Walmart during the first quarter valued at approximately $25,000. Northwest Capital Management Inc raised its stake in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC raised its stake in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new stake in shares of Walmart during the second quarter valued at approximately $29,000. Finally, Partnership Wealth Management LLC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $30,000. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WMT shares. Truist Financial lifted their price target on shares of Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Bank of America lifted their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Barclays lifted their price target on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Jefferies Financial Group boosted their price objective on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird boosted their price objective on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the sale, the insider now directly owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 40,974 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $66.79, for a total value of $2,736,653.46. Following the completion of the transaction, the insider now owns 635,512,658 shares in the company, valued at $42,445,890,427.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the completion of the transaction, the insider now owns 633,518,311 shares of the company’s stock, valued at approximately $42,211,325,061.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,144,237 shares of company stock valued at $730,497,016. 45.58% of the stock is owned by insiders.

Walmart Price Performance

NYSE:WMT opened at $76.96 on Friday. Walmart Inc. has a one year low of $49.85 and a one year high of $77.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The firm has a market cap of $618.62 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 3.87 and a beta of 0.51. The firm’s fifty day moving average is $71.27 and its two-hundred day moving average is $65.24.

Walmart (NYSE:WMT) last posted its quarterly 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Research analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

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.