Romano Brothers AND Company Has $1.09 Million Position in Walmart Inc. (NYSE:WMT)

Romano Brothers AND Company lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 200.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,060 shares of the retailer’s stock after buying an additional 12,040 shares during the period. Romano Brothers AND Company’s holdings in Walmart were worth $1,087,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WMT. Northwest Capital Management Inc boosted its position in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Partnership Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter worth approximately $30,000. Able Wealth Management LLC acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Walmart in the fourth quarter valued at $32,000. Finally, Signature Resources Capital Management LLC acquired a new position in Walmart during the fourth quarter worth $35,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.3 %

Shares of WMT opened at $67.71 on Monday. The firm has a 50 day simple moving average of $64.07 and a two-hundred day simple moving average of $59.41. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The company has a market cap of $544.63 billion, a P/E ratio of 28.98, a P/E/G ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping 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 analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. Walmart’s revenue was up 6.0% on a year-over-year basis. Research analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were 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 in the company, valued at $270,851,892.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 645,540 shares of the company’s stock, valued at approximately $44,025,828. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,499,762 shares of company stock valued at $951,294,838. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of recent analyst reports. DA Davidson increased their price target on shares of Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Evercore ISI raised their target price on shares of Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. UBS Group boosted their price target on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Jefferies Financial Group raised their price objective on Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, Roth Mkm lifted their target price on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.