Sheaff Brock Investment Advisors LLC lifted its position in Walmart Inc (NYSE:WMT) by 101.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,683 shares of the retailer’s stock after buying an additional 23,975 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Walmart were worth $5,268,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Centric Wealth Management boosted its position in shares of Walmart by 6.6% during the 2nd quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock worth $577,000 after acquiring an additional 322 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Walmart by 35.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock worth $1,591,000 after acquiring an additional 3,733 shares in the last quarter. CWM LLC boosted its position in shares of Walmart by 100.9% during the 1st quarter. CWM LLC now owns 99,577 shares of the retailer’s stock worth $9,712,000 after acquiring an additional 50,003 shares in the last quarter. Eads & Heald Wealth Management boosted its position in shares of Walmart by 22.2% during the 1st quarter. Eads & Heald Wealth Management now owns 19,378 shares of the retailer’s stock worth $1,890,000 after acquiring an additional 3,520 shares in the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA boosted its position in shares of Walmart by 2.1% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,814 shares of the retailer’s stock worth $470,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 30.05% of the company’s stock.

A number of analysts recently issued reports on WMT shares. Goldman Sachs Group started coverage on Walmart in a research report on Thursday, July 11th. They issued a “buy” rating and a $123.00 target price for the company. Zacks Investment Research raised Walmart from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Wednesday, May 22nd. Jefferies Financial Group upped their target price on Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Sanford C. Bernstein raised Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 target price for the company in a research report on Thursday, May 2nd. Finally, KeyCorp upped their target price on Walmart from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $109.56.

Shares of WMT stock traded up $2.42 during trading hours on Tuesday, reaching $107.64. 327,602 shares of the company’s stock were exchanged, compared to its average volume of 4,805,763. The firm has a market cap of $306.25 billion, a P/E ratio of 21.93, a P/E/G ratio of 4.69 and a beta of 0.41. The business’s 50 day simple moving average is $111.46. Walmart Inc has a 1 year low of $85.78 and a 1 year high of $115.49. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.21 and a current ratio of 0.77.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. The business had revenue of $122.95 billion for the quarter, compared to analysts’ expectations of $124.51 billion. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 EPS. Sell-side analysts forecast that Walmart Inc will post 4.84 EPS for the current fiscal year.

In related news, major shareholder Jim C. Walton sold 1,626,851 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $101.08, for a total value of $164,442,099.08. Following the sale, the insider now owns 17,502,080 shares in the company, valued at approximately $1,769,110,246.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director S Robson Walton sold 1,322,329 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total value of $134,930,451.16. Following the completion of the sale, the director now owns 3,347,511 shares in the company, valued at approximately $341,580,022.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,559,285 shares of company stock worth $571,021,654. Insiders own 50.22% of the company’s stock.

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.

Featured Story: How is diluted EPS different from basic EPS?

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.