Atwater Malick LLC Buys 109,633 Shares of Walmart Inc. (NYSE:WMT)

Atwater Malick LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 208.7% in the first quarter, Holdings Channel reports. The firm owned 162,162 shares of the retailer’s stock after acquiring an additional 109,633 shares during the period. Walmart comprises about 3.4% of Atwater Malick LLC’s holdings, making the stock its 12th biggest position. Atwater Malick LLC’s holdings in Walmart were worth $9,757,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Capital Management Inc boosted its position in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC bought a new stake in shares of Walmart in the fourth quarter valued at approximately $30,000. Able Wealth Management LLC bought a new stake in shares of Walmart in the fourth quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart in the fourth quarter valued at approximately $32,000. Finally, Signature Resources Capital Management LLC bought a new stake in shares of Walmart in the fourth quarter valued at approximately $35,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT opened at $67.74 on Friday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $69.04. The firm has a market cap of $544.87 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The business has a fifty day moving average of $64.07 and a 200-day moving average of $59.29.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share 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 company had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same period last year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at $270,851,892.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP John D. Rainey sold 3,000 shares of the firm’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 transaction, the executive vice president now owns 524,613 shares in the company, valued at $31,613,179.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The disclosure for this sale can be found here. Insiders have sold a total of 14,502,762 shares of company stock worth $951,475,618 over the last 90 days. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WMT. The Goldman Sachs Group increased their price objective on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Royal Bank of Canada upped their target price on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Jefferies Financial Group upped their target price on Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Truist Financial upped their target price on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Finally, DA Davidson upped their target price on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

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.