Inspire Advisors LLC Has $443,000 Holdings in Walmart Inc. (NYSE:WMT)

Inspire Advisors LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,540 shares of the retailer’s stock after purchasing an additional 249 shares during the quarter. Inspire Advisors LLC’s holdings in Walmart were worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of WMT. Vanguard Group Inc. lifted its stake in shares of Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Walmart by 183.0% in the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after buying an additional 18,865,484 shares during the period. Norges Bank bought a new position in Walmart during the fourth quarter worth about $3,674,652,000. Finally, Raymond James & Associates boosted its holdings in Walmart by 16.0% during the second quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock worth $1,102,463,000 after buying an additional 2,246,656 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In other news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. Insiders have sold 10,203,360 shares of company stock worth $788,678,803 in the last ninety days. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of analyst reports. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Wells Fargo & Company increased their target price on shares of Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Telsey Advisory Group boosted their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, August 16th. The Goldman Sachs Group raised their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Oppenheimer boosted their target price on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Stock Performance

Shares of NYSE WMT opened at $80.60 on Friday. The stock has a market capitalization of $647.88 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $80.68. The stock has a 50 day moving average price of $72.51 and a 200 day moving average price of $66.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period last year, the business earned $0.61 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.