Hantz Financial Services Inc. Acquires Shares of 139,401 Walmart Inc. (NYSE:WMT)

Hantz Financial Services Inc. purchased a new position in shares of Walmart Inc. (NYSE:WMT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 139,401 shares of the retailer’s stock, valued at approximately $9,439,000.

Other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in shares of Walmart during the 1st quarter worth $25,000. Northwest Capital Management Inc raised its holdings in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares in the last quarter. TruNorth Capital Management LLC raised its holdings in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart during the 2nd quarter worth $29,000. Finally, Partnership Wealth Management LLC acquired a new position in shares of Walmart during the 4th quarter worth $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $65.48, for a total value of $1,674,847.44. Following the completion of the transaction, the executive vice president now directly owns 415,743 shares of the company’s stock, valued at $27,222,851.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,332,089 shares of company stock valued at $422,145,654. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

WMT stock opened at $77.23 on Friday. The firm has a market cap of $621.20 billion, a PE ratio of 33.05, a P/E/G ratio of 3.87 and a beta of 0.50. 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 business has a 50 day moving average of $70.55 and a 200-day moving average of $64.67. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $77.47.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $168.56 billion. During the same period in the prior year, the company posted $0.61 earnings per share. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WMT. Oppenheimer boosted their price objective on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Robert W. Baird boosted their price objective on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Truist Financial boosted their price objective on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. BMO Capital Markets restated an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. Finally, UBS Group boosted their price objective on Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $78.64.

Walmart Company Profile

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.