Pekin Hardy Strauss Inc. Purchases 910 Shares of Walmart Inc. (NYSE:WMT)

Pekin Hardy Strauss Inc. boosted its position in Walmart Inc. (NYSE:WMT) by 1.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 68,708 shares of the retailer’s stock after purchasing an additional 910 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Walmart were worth $4,652,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Landmark Financial Advisors LLC raised its position in shares of Walmart by 1.0% in the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock valued at $1,112,000 after purchasing an additional 70 shares during the period. Syverson Strege & Co grew its position in shares of Walmart by 2.6% in the fourth quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock valued at $532,000 after purchasing an additional 85 shares during the last quarter. Amussen Hunsaker Associates LLC lifted its holdings in Walmart by 0.5% during the 4th quarter. Amussen Hunsaker Associates LLC now owns 15,979 shares of the retailer’s stock worth $2,519,000 after purchasing an additional 86 shares during the last quarter. Western Pacific Wealth Management LP boosted its stake in Walmart by 4.9% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,892 shares of the retailer’s stock valued at $298,000 after purchasing an additional 88 shares during the period. Finally, Per Stirling Capital Management LLC. grew its holdings in Walmart by 2.6% in the 4th quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock valued at $632,000 after buying an additional 100 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 610,843,318 shares of the company’s stock, valued at approximately $48,537,610,048.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Jim C. Walton sold 934,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the transaction, the insider now directly owns 610,843,318 shares in the company, valued at $48,537,610,048.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,203,360 shares of company stock worth $788,678,803. 45.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their target price on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Barclays boosted their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Morgan Stanley boosted their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. KeyCorp upped their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada boosted their price target on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.99.

Walmart Price Performance

Shares of NYSE:WMT opened at $80.60 on Tuesday. 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 Inc. has a 52 week low of $49.85 and a 52 week high of $81.02. The firm has a market cap 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. The firm’s fifty day moving average is $72.73 and its 200-day moving average is $66.34.

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

About Walmart

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.