Walmart Inc. (NYSE:WMT) Shares Purchased by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. boosted its stake in Walmart Inc. (NYSE:WMT) by 31.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,134 shares of the retailer’s stock after buying an additional 2,453 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Walmart were worth $686,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in shares of Walmart in the 1st quarter worth approximately $25,000. Northwest Capital Management Inc lifted its stake in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. TruNorth Capital Management LLC boosted its position in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in shares of Walmart in the second quarter valued at $29,000. Finally, Able Wealth Management LLC purchased a new stake in shares of Walmart in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Up 1.2 %

NYSE:WMT opened at $80.60 on Monday. The company has a market capitalization of $647.88 billion, a PE ratio of 34.49, a P/E/G 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’s 50 day moving average price is $72.51 and its 200 day moving average price is $66.18. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the firm posted $0.61 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WMT shares. HSBC raised their target price on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. TD Cowen lifted their price objective on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. DA Davidson raised their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Insider Buying and Selling at Walmart

In other news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP David Chojnowski sold 8,791 shares of the company’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 completion of the sale, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total value of $74,215,640.00. Following the sale, the insider now directly owns 610,843,318 shares of the company’s stock, valued at $48,537,610,048.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,203,360 shares of company stock worth $788,678,803. 45.58% of the stock is owned by company insiders.

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.