Koss Olinger Consulting LLC Makes New $203,000 Investment in Walmart Inc. (NYSE:WMT)

Koss Olinger Consulting LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) in the second quarter, Holdings Channel reports. The institutional investor bought 2,994 shares of the retailer’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Sheaff Brock Investment Advisors LLC raised its position in Walmart by 0.3% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after purchasing an additional 65 shares during the period. Landmark Financial Advisors LLC raised its holdings in Walmart by 1.0% during the 4th quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock valued at $1,112,000 after buying an additional 70 shares during the period. MinichMacGregor Wealth Management LLC lifted its position in Walmart by 4.0% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 2,063 shares of the retailer’s stock worth $325,000 after buying an additional 79 shares during the last quarter. Lee Financial Co boosted its stake in Walmart by 2.1% during the fourth quarter. Lee Financial Co now owns 4,076 shares of the retailer’s stock worth $644,000 after buying an additional 82 shares during the period. Finally, Syverson Strege & Co increased its position in Walmart by 2.6% during the fourth quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock valued at $532,000 after acquiring an additional 85 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of NYSE:WMT opened at $77.35 on Tuesday. The firm has a 50 day moving average of $71.64 and a 200 day moving average of $65.62. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $621.76 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 3.84 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $77.81.

Walmart (NYSE:WMT) last released its quarterly 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 during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. On average, sell-side analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 1,244,347 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the sale, the insider now directly owns 633,518,311 shares in the company, valued at approximately $42,211,325,061.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder S Robson Walton sold 1,244,347 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the completion of the sale, the insider now owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the sale, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,510,437 shares of company stock worth $487,759,176. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Roth Mkm lifted their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. The Goldman Sachs Group boosted their target price on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Tigress Financial increased their price target on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Royal Bank of Canada boosted their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, TD Cowen upped their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two research 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. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $78.99.

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.