Fox Hill Wealth Management Grows Position in Walmart Inc. (NYSE:WMT)

Fox Hill Wealth Management lifted its stake in Walmart Inc. (NYSE:WMT) by 204.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,243 shares of the retailer’s stock after buying an additional 9,559 shares during the quarter. Fox Hill Wealth Management’s holdings in Walmart were worth $857,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WMT. Partnership Wealth Management LLC bought a new stake in Walmart in the fourth quarter worth $30,000. Able Wealth Management LLC bought a new stake in Walmart in the fourth quarter worth $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Walmart in the fourth quarter worth $32,000. Signature Resources Capital Management LLC bought a new stake in Walmart in the fourth quarter worth $35,000. Finally, Tidemark LLC bought a new stake in Walmart in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the transaction, the director now owns 144,807 shares in the company, valued at $9,386,389.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the transaction, the director now owns 144,807 shares in the company, valued at $9,386,389.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Over the last ninety 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.

Walmart Stock Performance

WMT stock opened at $67.71 on Monday. The firm has a market cap of $544.63 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.91 and a beta of 0.50. The firm has a 50-day simple moving average of $64.07 and a two-hundred day simple moving average of $59.41. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. 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 (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. On average, equities analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Raymond James boosted their price target on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Oppenheimer boosted their price target on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Truist Financial boosted their price target on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Telsey Advisory Group boosted their price objective on shares of Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Finally, StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus 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.