Walmart Inc. (NYSE:WMT) Shares Acquired by Stephens Consulting LLC

Stephens Consulting LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 193.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 6,395 shares of the retailer’s stock after acquiring an additional 4,213 shares during the period. Stephens Consulting LLC’s holdings in Walmart were worth $385,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. AHL Investment Management Inc. boosted its holdings in shares of Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after purchasing an additional 15,785 shares during the last quarter. Valley Brook Capital Group Inc. boosted its holdings in shares of Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after purchasing an additional 315 shares during the last quarter. Core Wealth Advisors Inc. boosted its holdings in shares of Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after purchasing an additional 420 shares during the last quarter. Motco boosted its holdings in shares of Walmart by 1.3% during the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after purchasing an additional 726 shares during the last quarter. Finally, Sovereign Financial Group Inc. boosted its holdings in shares of Walmart by 204.3% during the first quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock worth $392,000 after purchasing an additional 4,374 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank of Canada lifted their target price on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Tigress Financial lifted their target price on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group lifted their target price on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Stifel Nicolaus lifted their target price on Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.41.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the sale, the insider now owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,499,762 shares of company stock valued at $951,294,838. 45.58% of the stock is owned by insiders.

Walmart Price Performance

Shares of NYSE:WMT opened at $67.48 on Tuesday. The company’s fifty day moving average is $64.07 and its two-hundred day moving average is $59.41. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $69.04. The company has a market cap of $542.78 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last posted 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. 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 period in the prior year, the business posted $0.49 earnings per share. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts expect that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

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.