Walmart Inc. (NYSE:WMT) is Greystone Financial Group LLC’s 10th Largest Position

Greystone Financial Group LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 180,480 shares of the retailer’s stock after selling 3,586 shares during the quarter. Walmart accounts for about 2.4% of Greystone Financial Group LLC’s investment portfolio, making the stock its 10th largest holding. Greystone Financial Group LLC’s holdings in Walmart were worth $12,220,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMT. EntryPoint Capital LLC acquired a new stake in Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc grew 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 in the last quarter. TruNorth Capital Management LLC increased its stake in Walmart by 138.3% during the 2nd 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. purchased a new position in Walmart in the 2nd quarter valued at about $29,000. Finally, Partnership Wealth Management LLC purchased a new position in Walmart in the 4th quarter valued at about $30,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the firm’s 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 completion of the transaction, the insider now owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the transaction, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,144,237 shares of company stock valued at $730,497,016. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company increased their target price on Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Oppenheimer raised their price target on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $80.00 target price on shares of Walmart in a research report on Friday, August 16th. Two 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.99.

Walmart Price Performance

WMT stock traded down $0.32 during trading on Friday, hitting $76.64. The company had a trading volume of 14,548,588 shares, compared to its average volume of 17,411,770. The firm has a market capitalization of $616.05 billion, a price-to-earnings ratio of 32.80, a P/E/G ratio of 3.87 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $71.45 and a 200 day moving average of $65.38. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $77.81.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (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 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 firm posted $0.61 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts predict that Walmart Inc. will post 2.44 earnings per share 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.