Engrave Wealth Partners LLC Has $201,000 Stock Position in Walmart Inc (NYSE:WMT)

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Engrave Wealth Partners LLC grew its holdings in Walmart Inc (NYSE:WMT) by 31.9% in the 2nd quarter, Holdings Channel reports. The fund owned 1,680 shares of the retailer’s stock after purchasing an additional 406 shares during the quarter. Engrave Wealth Partners LLC’s holdings in Walmart were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in WMT. State Street Corp raised its stake in Walmart by 1.2% during the 1st quarter. State Street Corp now owns 70,902,390 shares of the retailer’s stock valued at $8,094,312,000 after purchasing an additional 835,420 shares during the last quarter. Geode Capital Management LLC grew its position in Walmart by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 21,394,371 shares of the retailer’s stock worth $2,537,291,000 after purchasing an additional 796,974 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Walmart by 17.2% during the 1st quarter. Wellington Management Group LLP now owns 16,328,915 shares of the retailer’s stock worth $1,855,292,000 after purchasing an additional 2,402,254 shares during the period. Nuveen Asset Management LLC raised its position in shares of Walmart by 5.9% during the first quarter. Nuveen Asset Management LLC now owns 11,893,175 shares of the retailer’s stock valued at $1,351,303,000 after buying an additional 666,594 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Walmart by 9.7% during the first quarter. Alliancebernstein L.P. now owns 9,365,227 shares of the retailer’s stock worth $1,064,077,000 after buying an additional 828,805 shares in the last quarter. Institutional investors and hedge funds own 29.95% of the company’s stock.

Shares of Walmart stock traded up $2.49 during trading on Tuesday, reaching $132.01. The company’s stock had a trading volume of 8,797,251 shares, compared to its average volume of 9,547,869. The stock has a 50-day moving average price of $121.77 and a two-hundred day moving average price of $119.66. The company has a current ratio of 0.77, a quick ratio of 0.27 and a debt-to-equity ratio of 0.85. Walmart Inc has a one year low of $102.00 and a one year high of $133.63. The stock has a market capitalization of $367.02 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 5.00 and a beta of 0.28.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, May 19th. The retailer reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.06. Walmart had a return on equity of 18.33% and a net margin of 2.81%. The business had revenue of $134.62 billion during the quarter, compared to analysts’ expectations of $130.91 billion. During the same period in the previous year, the business posted $1.13 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc will post 4.93 EPS for the current fiscal year.

Several brokerages have recently weighed in on WMT. Guggenheim lifted their price objective on Walmart from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Oppenheimer reissued a “buy” rating and issued a $145.00 price target on shares of Walmart in a report on Tuesday. Nomura Instinet increased their price objective on shares of Walmart from $131.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Credit Suisse Group lifted their target price on shares of Walmart from $127.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Finally, Nomura Securities reissued a “buy” rating and issued a $131.00 price target on shares of Walmart in a research report on Monday, March 23rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $132.45.

In related news, EVP Kathryn J. Mclay sold 7,324 shares of Walmart stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $126.00, for a total value of $922,824.00. Following the completion of the sale, the executive vice president now directly owns 51,526 shares in the company, valued at $6,492,276. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of Walmart stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $128.52, for a total value of $10,924,200.00. Following the completion of the sale, the executive vice president now owns 2,387,965 shares of the company’s stock, valued at $306,901,261.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 347,324 shares of company stock valued at $43,065,824. Corporate insiders own 50.43% 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.

See Also: What are Institutional Investors?

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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