Kathmere Capital Management LLC Purchases 5,769 Shares of Walmart Inc. (NYSE:WMT)

Kathmere Capital Management LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 14.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,866 shares of the retailer’s stock after acquiring an additional 5,769 shares during the quarter. Kathmere Capital Management LLC’s holdings in Walmart were worth $3,038,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Arkos Global Advisors raised its holdings in shares of Walmart by 7.8% in the 2nd quarter. Arkos Global Advisors now owns 22,184 shares of the retailer’s stock valued at $1,502,000 after purchasing an additional 1,605 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Walmart during the second quarter worth approximately $45,264,000. Beaird Harris Wealth Management LLC raised its stake in Walmart by 44.8% in the second quarter. Beaird Harris Wealth Management LLC now owns 2,726 shares of the retailer’s stock valued at $185,000 after buying an additional 843 shares during the period. Security National Bank of SO Dak lifted its position in shares of Walmart by 1.4% in the second quarter. Security National Bank of SO Dak now owns 48,006 shares of the retailer’s stock valued at $3,250,000 after buying an additional 665 shares during the last quarter. Finally, Smith Thornton Advisors LLC bought a new position in shares of Walmart during the 2nd quarter worth approximately $1,127,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the sale, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, major shareholder S Robson Walton sold 359,616 shares of Walmart stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the transaction, the insider now directly owns 603,989,702 shares of the company’s stock, valued at approximately $47,262,194,181.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 25,578 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the sale, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. Insiders sold a total of 12,317,999 shares of company stock valued at $956,341,379 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price target on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. TD Cowen lifted their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Evercore ISI increased their price target on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Bank of America raised their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, DA Davidson upped their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Buy” and an average target price of $80.96.

Walmart Trading Down 0.2 %

WMT opened at $79.78 on Friday. The company has a market cap of $641.71 billion, a P/E ratio of 34.09, a PEG ratio of 4.04 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $74.44 and its 200-day moving average is $67.48. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.60.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm 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%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Walmart 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.