Dumont & Blake Investment Advisors LLC Increases Stock Position in Walmart Inc. (NYSE:WMT)

Dumont & Blake Investment Advisors LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 202.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,423 shares of the retailer’s stock after acquiring an additional 30,382 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Walmart were worth $2,733,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. D.B. Root & Company LLC increased its holdings in shares of Walmart by 203.3% during the first quarter. D.B. Root & Company LLC now owns 48,072 shares of the retailer’s stock valued at $2,892,000 after acquiring an additional 32,223 shares in the last quarter. Trilogy Capital Inc. increased its holdings in Walmart by 515.4% in the 1st quarter. Trilogy Capital Inc. now owns 9,095 shares of the retailer’s stock worth $547,000 after buying an additional 7,617 shares in the last quarter. Red Door Wealth Management LLC increased its holdings in Walmart by 206.6% in the 1st quarter. Red Door Wealth Management LLC now owns 117,348 shares of the retailer’s stock worth $7,061,000 after buying an additional 79,077 shares in the last quarter. Jeppson Wealth Management LLC increased its holdings in Walmart by 195.8% in the 1st quarter. Jeppson Wealth Management LLC now owns 29,679 shares of the retailer’s stock worth $1,786,000 after buying an additional 19,646 shares in the last quarter. Finally, Cornerstone Wealth Group LLC increased its holdings in Walmart by 216.1% in the 1st quarter. Cornerstone Wealth Group LLC now owns 100,328 shares of the retailer’s stock worth $6,037,000 after buying an additional 68,584 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WMT shares. Oppenheimer lifted their price objective on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Raymond James raised their target price on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. BMO Capital Markets raised their target price on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. Finally, Evercore ISI lifted their price objective on Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average price target of $70.41.

Walmart Price Performance

Shares of WMT stock opened at $67.48 on Tuesday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $69.04. The stock has a market capitalization of $542.78 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 3.91 and a beta of 0.50. The stock has a fifty day simple moving average of $64.07 and a two-hundred day simple moving average of $59.41. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 firm had revenue of $161.50 billion during 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 firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 EPS. On average, analysts predict that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following 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 Securities & Exchange Commission, which is available at this link. In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The disclosure for this sale can be found here. Insiders sold 14,499,762 shares of company stock worth $951,294,838 in the last three months. 45.58% of the stock is owned by insiders.

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.