Gentry Private Wealth LLC Makes New $586,000 Investment in Walmart Inc. (NYSE:WMT)

Gentry Private Wealth LLC purchased a new position in 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 8,656 shares of the retailer’s stock, valued at approximately $586,000. Walmart makes up approximately 0.5% of Gentry Private Wealth LLC’s holdings, making the stock its 29th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in Walmart in the 1st quarter worth approximately $25,000. Northwest Capital Management Inc boosted its stake in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. TruNorth Capital Management LLC boosted its stake in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart in the 2nd quarter valued at $29,000. Finally, Partnership Wealth Management LLC purchased a new stake in shares of Walmart in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.4 %

NYSE:WMT opened at $76.64 on Friday. The firm’s 50-day moving average price is $71.45 and its 200-day moving average price is $65.38. The company has a market capitalization of $616.05 billion, a PE ratio of 32.82, a P/E/G ratio of 3.87 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $77.81.

Walmart (NYSE:WMT) last released 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. On average, equities analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Roth Mkm upped their price objective on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Citigroup upped their price objective on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Wells Fargo & Company upped their price objective on shares of Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Royal Bank of Canada upped their price target on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, DA Davidson upped their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the sale, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The disclosure for this sale can be found here. Insiders have sold 10,144,237 shares of company stock valued at $730,497,016 in the last three months. 45.58% of the stock is currently owned by company insiders.

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.