Trivant Custom Portfolio Group LLC Grows Stock Position in Walmart Inc. (NYSE:WMT)

Trivant Custom Portfolio Group LLC boosted its position in Walmart Inc. (NYSE:WMT) by 190.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,794 shares of the retailer’s stock after buying an additional 35,263 shares during the period. Walmart makes up about 2.1% of Trivant Custom Portfolio Group LLC’s holdings, making the stock its 20th biggest position. Trivant Custom Portfolio Group LLC’s holdings in Walmart were worth $3,237,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Northwest Capital Management Inc grew its holdings in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC acquired a new position in shares of Walmart during the 4th quarter worth $30,000. Able Wealth Management LLC purchased a new position in shares of Walmart in the 4th quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Walmart in the 4th quarter valued at about $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of Walmart in the fourth quarter valued at about $35,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Down 0.3 %

NYSE WMT opened at $67.71 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The company’s 50 day moving average price is $64.07 and its 200 day moving average price is $59.41. The firm has a market capitalization of $544.63 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating 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 business had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. TD Cowen lifted their price objective on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Evercore ISI upped their target price on Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Barclays lifted their price target on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Finally, KeyCorp increased their price objective on shares of Walmart from $63.00 to $75.00 and gave the company 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the sale, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the transaction, the chief executive officer now owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $68.20, for a total transaction of $895,125.00. Following the sale, the executive vice president now owns 645,540 shares in the company, valued at approximately $44,025,828. The disclosure for this sale can be found here. Insiders have sold a total of 14,499,762 shares of company stock worth $951,294,838 over the last quarter. 45.58% of the stock is owned by corporate 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.