Burns J W & Co. Inc. NY Raises Holdings in Walmart Inc. (NYSE:WMT)

Burns J W & Co. Inc. NY boosted its position in Walmart Inc. (NYSE:WMT) by 173.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,791 shares of the retailer’s stock after acquiring an additional 3,039 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Walmart were worth $288,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in WMT. Northwest Capital Management Inc raised its position in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. Partnership Wealth Management LLC purchased a new stake in shares of Walmart during the 4th quarter worth approximately $30,000. Able Wealth Management LLC acquired a new position in shares of Walmart in the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Walmart in the 4th quarter valued at $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in Walmart during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Jefferies Financial Group raised their price objective on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Stifel Nicolaus lifted their target price on shares of Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a report on Friday, May 17th. DA Davidson increased their price target on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. BMO Capital Markets lifted their price objective on shares of Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Finally, Morgan Stanley increased their target price on shares of Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

Walmart Stock Performance

WMT opened at $67.71 on Monday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $69.04. The stock 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. The stock’s 50 day simple moving average is $64.07 and its 200 day simple moving average is $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 (NYSE:WMT) last announced its quarterly 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 business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter last year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts anticipate that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 sale, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,499,762 shares of company stock worth $951,294,838. Insiders own 45.58% of the company’s stock.

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.