Laurel Wealth Advisors Inc. lifted its holdings in shares of Walmart Inc (NYSE:WMT) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,912 shares of the retailer’s stock after buying an additional 501 shares during the period. Laurel Wealth Advisors Inc.’s holdings in Walmart were worth $1,316,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Krane Funds Advisors LLC bought a new stake in Walmart in the second quarter valued at $26,000. AllSquare Wealth Management LLC raised its holdings in Walmart by 235.3% in the second quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. C J Advisory Inc bought a new position in Walmart in the first quarter worth about $29,000. Mcmillion Capital Management Inc. bought a new position in Walmart in the second quarter worth about $34,000. Finally, Litman Gregory Asset Management LLC bought a new position in Walmart in the second quarter worth about $37,000. Institutional investors own 30.05% of the company’s stock.

NYSE WMT traded up $1.10 during trading hours on Friday, reaching $118.02. The stock had a trading volume of 559,017 shares, compared to its average volume of 6,727,107. The stock has a fifty day moving average of $111.78 and a 200 day moving average of $105.75. The stock has a market cap of $330.08 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 5.00 and a beta of 0.39. Walmart Inc has a 52-week low of $85.78 and a 52-week high of $117.96. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Walmart’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc will post 4.91 EPS for the current year.

In other Walmart news, insider Daniel J. Bartlett sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total value of $327,420.00. Following the sale, the insider now owns 122,673 shares in the company, valued at approximately $13,388,531.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John R. Furner sold 7,900 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $114.72, for a total value of $906,288.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,580 shares of company stock worth $1,658,306. Insiders own 51.11% of the company’s stock.

A number of equities analysts have commented on WMT shares. Gordon Haskett upgraded shares of Walmart from an “accumulate” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $125.00 in a report on Thursday, August 15th. Goldman Sachs Group set a $123.00 target price on shares of Walmart and gave the stock a “buy” rating in a report on Thursday, August 15th. Loop Capital boosted their target price on shares of Walmart to $115.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Deutsche Bank set a $124.00 price objective on shares of Walmart and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Credit Suisse Group set a $105.00 price objective on shares of Walmart and gave the company a “hold” rating in a report on Thursday, August 15th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have given a buy rating to the stock. Walmart currently has a consensus rating of “Buy” and a consensus price target of $115.33.

Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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