Future Financial Wealth Managment LLC Acquires 2,900 Shares of Walmart Inc. (NYSE:WMT)

Future Financial Wealth Managment LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 200.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 4,350 shares of the retailer’s stock after buying an additional 2,900 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in Walmart were worth $262,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WMT. Norges Bank bought a new stake in Walmart in the fourth quarter valued at $3,674,652,000. BlueSpruce Investments LP purchased a new stake in shares of Walmart in the 4th quarter worth about $568,419,000. International Assets Investment Management LLC boosted its stake in shares of Walmart by 15,371.4% during the 4th quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock valued at $553,545,000 after purchasing an additional 3,488,530 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Walmart by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after buying an additional 2,150,351 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in Walmart by 14,035.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,274,428 shares of the retailer’s stock worth $200,914,000 after buying an additional 1,265,412 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of WMT opened at $68.30 on Thursday. The firm has a fifty day simple moving average of $63.56 and a two-hundred day simple moving average of $59.05. The firm has a market cap of $549.37 billion, a PE ratio of 29.23, a P/E/G ratio of 3.89 and a beta of 0.52. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $69.04.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 21.57% and a net margin of 2.88%. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, equities analysts anticipate that Walmart Inc. will post 2.42 EPS for the current year.

Insider Activity

In related news, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the sale, the director now directly owns 144,807 shares in the company, valued at $9,386,389.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the transaction, the director now directly owns 144,807 shares in the company, valued at $9,386,389.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the sale, the executive vice president now owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The disclosure for this sale can be found here. Insiders sold 14,451,722 shares of company stock valued at $947,990,915 in the last quarter. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WMT. BMO Capital Markets upped their target price on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Royal Bank of Canada upped their price target on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Barclays increased their price objective on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. KeyCorp upped their target price on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Finally, JPMorgan Chase & Co. upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $66.00 to $81.00 in a research note on Monday, June 10th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $69.97.

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.