Atlas Brown Inc. Acquires 13,978 Shares of Walmart Inc. (NYSE:WMT)

Atlas Brown Inc. lifted its holdings in Walmart Inc. (NYSE:WMT) by 203.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,834 shares of the retailer’s stock after purchasing an additional 13,978 shares during the period. Atlas Brown Inc.’s holdings in Walmart were worth $1,254,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valley Brook Capital Group Inc. increased its stake in Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 315 shares during the period. Core Wealth Advisors Inc. increased its stake in Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after acquiring an additional 420 shares during the period. Motco boosted its holdings in Walmart by 1.3% during the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after purchasing an additional 726 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Walmart by 24.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock valued at $12,351,000 after purchasing an additional 15,448 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $2,340,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the sale, the insider now owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the sale, the insider now owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total transaction of $877,406.25. Following the completion of the sale, the executive vice president now owns 658,665 shares of the company’s stock, valued at approximately $44,031,755.25. The disclosure for this sale can be found here. Insiders sold a total of 14,493,971 shares of company stock worth $950,549,592 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on WMT. Tigress Financial lifted their price objective on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Jefferies Financial Group lifted their price objective on Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, June 10th. Barclays lifted their price objective on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Truist Financial lifted their price objective on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday, May 17th. Finally, Roth Mkm lifted their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.94.

Walmart Stock Performance

Shares of Walmart stock opened at $67.60 on Thursday. The firm has a fifty day moving average of $62.92 and a two-hundred day moving average of $58.52. The stock has a market capitalization of $543.74 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 3.90 and a beta of 0.52. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $67.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

About Walmart

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.