Brown Miller Wealth Management LLC Boosts Stake in Walmart Inc. (NYSE:WMT)

Brown Miller Wealth Management LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 200.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,442 shares of the retailer’s stock after acquiring an additional 4,295 shares during the period. Brown Miller Wealth Management LLC’s holdings in Walmart were worth $387,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WMT. Lazard Asset Management LLC grew its position in Walmart by 13.5% during the third quarter. Lazard Asset Management LLC now owns 73,360 shares of the retailer’s stock valued at $11,731,000 after acquiring an additional 8,747 shares during the period. Ameriprise Financial Inc. grew its position in Walmart by 0.6% during the third quarter. Ameriprise Financial Inc. now owns 13,011,647 shares of the retailer’s stock valued at $2,081,120,000 after acquiring an additional 78,981 shares during the period. Alps Advisors Inc. grew its position in Walmart by 39.3% during the third quarter. Alps Advisors Inc. now owns 47,367 shares of the retailer’s stock valued at $7,575,000 after acquiring an additional 13,357 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in shares of Walmart by 23.6% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,378,442 shares of the retailer’s stock worth $220,454,000 after buying an additional 262,750 shares during the period. Finally, Evergreen Capital Management LLC boosted its position in shares of Walmart by 1.0% in the third quarter. Evergreen Capital Management LLC now owns 12,778 shares of the retailer’s stock worth $2,044,000 after buying an additional 128 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the sale, the insider now directly owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the transaction, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,499,762 shares of company stock worth $951,294,838. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Oppenheimer upped their target price on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. 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. Royal Bank of Canada upped their target price on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Stifel Nicolaus upped their target price on Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Finally, HSBC upped their target price on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Three 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.97.

Walmart Stock Down 0.3 %

Shares of Walmart stock opened at $67.71 on Monday. 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 business’s 50 day simple moving average is $64.07 and its 200-day simple moving average is $59.41. The stock 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 Inc. has a twelve month low of $49.85 and a twelve month high of $69.04.

Walmart (NYSE:WMT) last announced 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. The business had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. Equities research analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current year.

About Walmart

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.