Sound Income Strategies LLC Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Sound Income Strategies LLC lifted its position in Walmart Inc. (NYSE:WMTGet Rating) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,336 shares of the retailer’s stock after buying an additional 148 shares during the quarter. Sound Income Strategies LLC’s holdings in Walmart were worth $406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Woodstock Corp raised its stake in Walmart by 0.4% in the second quarter. Woodstock Corp now owns 42,052 shares of the retailer’s stock valued at $5,113,000 after purchasing an additional 170 shares in the last quarter. Symmetry Partners LLC raised its stake in Walmart by 17.0% in the second quarter. Symmetry Partners LLC now owns 21,869 shares of the retailer’s stock valued at $2,659,000 after purchasing an additional 3,172 shares in the last quarter. Beech Hill Advisors Inc. purchased a new stake in Walmart in the second quarter valued at approximately $1,913,000. 180 Wealth Advisors LLC raised its stake in Walmart by 8.6% in the second quarter. 180 Wealth Advisors LLC now owns 22,292 shares of the retailer’s stock valued at $2,734,000 after purchasing an additional 1,756 shares in the last quarter. Finally, RBA Wealth Management LLC raised its stake in Walmart by 5.8% in the second quarter. RBA Wealth Management LLC now owns 28,018 shares of the retailer’s stock valued at $3,406,000 after purchasing an additional 1,539 shares in the last quarter. 31.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WMT. MKM Partners increased their price target on shares of Walmart from $152.00 to $158.00 in a research report on Wednesday, August 17th. Oppenheimer increased their price target on shares of Walmart from $135.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. Morgan Stanley increased their price target on shares of Walmart from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, August 18th. Truist Financial increased their price target on shares of Walmart from $117.00 to $134.00 in a research report on Wednesday, August 17th. Finally, Wells Fargo & Company raised their target price on shares of Walmart from $130.00 to $155.00 in a report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $151.41.

Insider Buying and Selling at Walmart

In related news, Director S Robson Walton sold 271,043 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $139.18, for a total transaction of $37,723,764.74. Following the completion of the transaction, the director now directly owns 285,336,824 shares in the company, valued at approximately $39,713,179,164.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director S Robson Walton sold 271,043 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $139.18, for a total transaction of $37,723,764.74. Following the completion of the transaction, the director now directly owns 285,336,824 shares in the company, valued at approximately $39,713,179,164.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Jim C. Walton sold 141,150 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $135.72, for a total value of $19,156,878.00. Following the completion of the transaction, the insider now directly owns 282,859,674 shares in the company, valued at $38,389,714,955.28. The disclosure for this sale can be found here. Insiders sold a total of 2,152,124 shares of company stock worth $297,159,579 in the last three months. 47.06% of the stock is currently owned by company insiders.

Walmart Price Performance

WMT opened at $133.19 on Monday. The stock has a 50-day moving average price of $131.95 and a 200-day moving average price of $136.29. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.84 and a quick ratio of 0.24. The firm has a market cap of $361.51 billion, a PE ratio of 26.58, a P/E/G ratio of 4.14 and a beta of 0.52. Walmart Inc. has a 1 year low of $117.27 and a 1 year high of $160.77.

Walmart (NYSE:WMTGet Rating) last released its quarterly earnings data on Tuesday, August 16th. The retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.60 by $0.17. Walmart had a return on equity of 18.95% and a net margin of 2.36%. The company had revenue of $152.86 billion during the quarter, compared to the consensus estimate of $149.96 billion. During the same period last year, the company earned $1.78 EPS. Walmart’s revenue for the quarter was up 8.4% on a year-over-year basis. Sell-side analysts predict that Walmart Inc. will post 5.85 earnings per share for the current fiscal year.

Walmart Profile

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Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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