Ieq Capital LLC Has $14.73 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Ieq Capital LLC increased its position in Walmart Inc. (NYSE:WMT) by 12.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 217,577 shares of the retailer’s stock after purchasing an additional 24,615 shares during the quarter. Ieq Capital LLC’s holdings in Walmart were worth $14,732,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aveo Capital Partners LLC grew its holdings in Walmart by 4.8% during the 4th quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock worth $683,000 after acquiring an additional 197 shares during the period. 9258 Wealth Management LLC increased its holdings in Walmart by 1.8% in the fourth quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock valued at $2,045,000 after purchasing an additional 235 shares during the last quarter. Gryphon Financial Partners LLC lifted its stake in Walmart by 58.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer’s stock valued at $1,033,000 after buying an additional 2,443 shares during the period. Quest Partners LLC acquired a new position in Walmart in the fourth quarter valued at about $684,000. Finally, Assetmark Inc. boosted its holdings in Walmart by 7.2% during the fourth quarter. Assetmark Inc. now owns 39,055 shares of the retailer’s stock worth $6,157,000 after buying an additional 2,607 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The disclosure for this sale can be found here. Insiders sold a total of 12,369,039 shares of company stock worth $959,826,083 over the last quarter. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent analyst reports. Bank of America upped their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Barclays increased their target price on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Telsey Advisory Group lifted their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Roth Mkm lifted their target price on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Walmart Stock Performance

WMT opened at $78.05 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The business’s 50-day simple moving average is $73.24 and its 200 day simple moving average is $66.65. The firm has a market capitalization of $627.80 billion, a PE ratio of 33.35, a PEG ratio of 4.03 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.02.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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 return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal 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.