Walmart Inc. (NYSE:WMT) Position Increased by Moisand Fitzgerald Tamayo LLC

Moisand Fitzgerald Tamayo LLC raised its position in Walmart Inc. (NYSE:WMT) by 186.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,119 shares of the retailer’s stock after purchasing an additional 2,683 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in Walmart were worth $248,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Walmart in the 4th quarter valued at approximately $3,674,652,000. BlueSpruce Investments LP bought a new stake in Walmart in the fourth quarter worth approximately $568,419,000. International Assets Investment Management LLC increased 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 worth $553,545,000 after purchasing an additional 3,488,530 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Walmart by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after purchasing an additional 2,150,351 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Walmart by 207.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,279,715 shares of the retailer’s stock valued at $137,170,000 after purchasing an additional 1,537,828 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank of Canada increased their target price on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. UBS Group increased their price objective on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Roth Mkm raised their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 17th. TD Cowen upped their target price on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, HSBC increased their price target on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average price target of $69.97.

Walmart Price Performance

Shares of NYSE:WMT opened at $67.71 on Friday. The business’s 50 day moving average is $64.07 and its 200-day moving average is $59.35. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $544.63 billion, a PE ratio of 28.98, a PEG ratio of 3.91 and a beta of 0.52. 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 results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.42 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.20, for a total transaction of $895,125.00. Following the completion of the transaction, the executive vice president now owns 645,540 shares in the company, valued at $44,025,828. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.20, for a total transaction of $895,125.00. Following the transaction, the executive vice president now directly owns 645,540 shares of the company’s stock, valued at $44,025,828. The disclosure for this sale can be found here. Insiders have sold a total of 14,502,762 shares of company stock valued at $951,475,618 over the last quarter. 45.58% of the stock is owned by company insiders.

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.