Trifecta Capital Advisors LLC Purchases 30,741 Shares of Walmart Inc. (NYSE:WMT)

Trifecta Capital Advisors LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 211.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,281 shares of the retailer’s stock after purchasing an additional 30,741 shares during the period. Trifecta Capital Advisors LLC’s holdings in Walmart were worth $2,725,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Norges Bank acquired a new position in shares of Walmart during the fourth quarter worth approximately $3,674,652,000. BlueSpruce Investments LP bought a new position in Walmart during the fourth quarter worth $568,419,000. International Assets Investment Management LLC raised its stake in 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 during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Walmart by 11.9% in 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 during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in Walmart by 207.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,279,715 shares of the retailer’s stock worth $137,170,000 after purchasing an additional 1,537,828 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $60.26, for a total transaction of $180,780.00. Following the transaction, the executive vice president now directly owns 524,613 shares in the company, valued at approximately $31,613,179.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the sale, the chief executive officer now owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 524,613 shares in the company, valued at $31,613,179.38. The disclosure for this sale can be found here. Insiders sold a total of 14,502,762 shares of company stock worth $951,475,618 over the last three months. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

WMT opened at $67.71 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The stock has a market capitalization of $544.63 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 3.91 and a beta of 0.52. The company’s 50 day simple moving average is $64.07 and its 200-day simple moving average is $59.35. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’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 EPS. Sell-side analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. HSBC upped their price objective on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Jefferies Financial Group raised their price objective on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Barclays boosted their price objective on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Telsey Advisory Group raised their target price on Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. Finally, Stifel Nicolaus boosted their price target on shares of Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average 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.