BCS Wealth Management Purchases 4,334 Shares of Walmart Inc. (NYSE:WMT)

BCS Wealth Management grew its position in Walmart Inc. (NYSE:WMT) by 234.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,179 shares of the retailer’s stock after buying an additional 4,334 shares during the period. BCS Wealth Management’s holdings in Walmart were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Northwest Capital Management Inc boosted its stake in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the 4th quarter worth approximately $30,000. Able Wealth Management LLC purchased a new position in shares of Walmart during the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Walmart during the fourth quarter worth $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in Walmart during the fourth quarter valued at $35,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of Walmart stock opened at $67.91 on Friday. The firm has a market capitalization of $546.24 billion, a P/E ratio of 29.06, a P/E/G ratio of 3.92 and a beta of 0.52. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $68.55. The firm’s 50 day moving average is $63.23 and its two-hundred day moving average is $58.70. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

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

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $60.45, for a total value of $1,760,545.80. Following the completion of the sale, the chief executive officer now owns 4,047,767 shares in the company, valued at approximately $244,687,515.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $60.45, for a total transaction of $1,760,545.80. Following the completion of the transaction, the chief executive officer now directly owns 4,047,767 shares of the company’s stock, valued at approximately $244,687,515.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total value of $798,131.25. Following the completion of the sale, the executive vice president now owns 645,517 shares in the company, valued at $39,253,888.77. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,493,971 shares of company stock valued at $950,549,592. 45.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial raised their target price on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, May 17th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. Raymond James lifted their price target on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Royal Bank of Canada lifted their price target on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Finally, Tigress Financial lifted their price target on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

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.