Financial & Tax Architects LLC Trims Holdings in Walmart Inc. (NYSE:WMT)

Financial & Tax Architects LLC reduced its position in shares of Walmart Inc. (NYSE:WMT) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,978 shares of the retailer’s stock after selling 2,135 shares during the period. Walmart comprises approximately 1.9% of Financial & Tax Architects LLC’s holdings, making the stock its 13th largest holding. Financial & Tax Architects LLC’s holdings in Walmart were worth $7,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. EntryPoint Capital LLC acquired a new position in shares of Walmart in the 1st quarter valued at $25,000. Northwest Capital Management Inc raised its stake in shares of Walmart by 199.3% during the 1st 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 raised its stake in shares of Walmart by 138.3% in the 2nd 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 position in shares of Walmart in the 2nd quarter valued at approximately $29,000. Finally, Able Wealth Management LLC acquired a new stake in Walmart in the 4th quarter valued at approximately $30,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research analyst reports. TD Cowen raised their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Oppenheimer boosted their price objective on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. KeyCorp upped their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Bank of America increased their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Telsey Advisory Group increased their price target on Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Insider Activity at Walmart

In other Walmart 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 transaction, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares in the company, valued at $26,367,350.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Chojnowski sold 8,791 shares of Walmart 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 completion of the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,203,360 shares of company stock worth $788,678,803. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

WMT stock opened at $78.62 on Wednesday. The firm has a 50 day moving average price of $72.90 and a 200-day moving average price of $66.48. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.02. The firm has a market capitalization of $631.97 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 4.03 and a beta of 0.51. 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 posted its earnings results on Thursday, August 15th. The retailer reported $0.67 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 during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal 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.