Heritage Wealth Management Inc. Takes Position in Walmart Inc. (NYSE:WMT)

Heritage Wealth Management Inc. bought a new stake in Walmart Inc. (NYSE:WMT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 80,053 shares of the retailer’s stock, valued at approximately $5,607,000. Walmart comprises 1.9% of Heritage Wealth Management Inc.’s portfolio, making the stock its 7th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in Walmart in the first quarter valued at $25,000. Northwest Capital Management Inc lifted its stake in shares of Walmart by 199.3% in 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 during the period. TruNorth Capital Management LLC lifted 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 purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in shares of Walmart during the 2nd quarter valued at about $29,000. Finally, Able Wealth Management LLC acquired a new stake in Walmart during the fourth quarter worth approximately $30,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WMT. Stifel Nicolaus boosted their price target on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Guggenheim increased their price objective on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada boosted their target price on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, UBS Group boosted their price objective on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $81.62.

Walmart Trading Up 0.6 %

Shares of WMT opened at $81.27 on Wednesday. The firm has a market cap of $653.27 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 4.00 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.60. 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 has a 50-day moving average of $74.86 and a 200 day moving average of $67.85.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,334,670 shares of company stock valued at $958,025,027. 45.58% of the stock is currently owned by corporate insiders.

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.