Tsfg LLC Buys 6,435 Shares of Walmart Inc. (NYSE:WMT)

Tsfg LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 200.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,651 shares of the retailer’s stock after acquiring an additional 6,435 shares during the quarter. Tsfg LLC’s holdings in Walmart were worth $581,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. Waverly Advisors LLC grew its stake in Walmart by 11.2% in the third quarter. Waverly Advisors LLC now owns 11,470 shares of the retailer’s stock worth $1,834,000 after purchasing an additional 1,153 shares during the period. Per Stirling Capital Management LLC. raised its holdings in Walmart by 4.5% in the third quarter. Per Stirling Capital Management LLC. now owns 3,909 shares of the retailer’s stock worth $625,000 after purchasing an additional 168 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in Walmart by 63.6% in the third quarter. Hodges Capital Management Inc. now owns 26,543 shares of the retailer’s stock worth $4,245,000 after purchasing an additional 10,317 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Walmart by 13.5% in the third quarter. Lazard Asset Management LLC now owns 73,360 shares of the retailer’s stock worth $11,731,000 after purchasing an additional 8,747 shares in the last quarter. Finally, Gateway Advisory LLC raised its holdings in Walmart by 4.1% in the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.2 %

WMT stock 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 company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The stock has a market cap of $544.87 billion, a P/E ratio of 28.99, a PEG ratio of 3.92 and a beta of 0.52. The business’s 50-day moving average price is $64.07 and its 200-day moving average price is $59.29.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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 firm had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. During the same period in the previous year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on 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 directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on 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 sale, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.20, for a total value of $895,125.00. Following the completion of the sale, the executive vice president now directly owns 645,540 shares in the company, valued at approximately $44,025,828. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,502,762 shares of company stock valued at $951,475,618. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on WMT. Bank of America increased their price objective on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. HSBC increased their price objective on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. TD Cowen raised their price target on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Morgan Stanley raised their price target on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Finally, Tigress Financial raised their price target on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.