Walmart Inc. (NYSE:WMT) Shares Purchased by Chatham Capital Group Inc.

Chatham Capital Group Inc. increased its holdings in Walmart Inc. (NYSE:WMT) by 203.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 44,577 shares of the retailer’s stock after acquiring an additional 29,893 shares during the period. Chatham Capital Group Inc.’s holdings in Walmart were worth $2,682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lazard Asset Management LLC lifted its holdings in shares of Walmart by 13.5% in the 3rd quarter. Lazard Asset Management LLC now owns 73,360 shares of the retailer’s stock worth $11,731,000 after acquiring an additional 8,747 shares during the last quarter. Alps Advisors Inc. lifted its stake in Walmart by 39.3% during the third quarter. Alps Advisors Inc. now owns 47,367 shares of the retailer’s stock worth $7,575,000 after purchasing an additional 13,357 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of Walmart by 1.0% during 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. Legacy Advisors LLC grew its stake in shares of Walmart by 30.7% in the third quarter. Legacy Advisors LLC now owns 2,155 shares of the retailer’s stock valued at $345,000 after buying an additional 506 shares in the last quarter. Finally, LaSalle St. Investment Advisors LLC raised its holdings in shares of Walmart by 4.4% in the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 1,823 shares of the retailer’s stock valued at $291,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 0.3 %

Shares of NYSE:WMT opened at $67.48 on Tuesday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $69.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The stock has a market cap of $542.78 billion, a P/E ratio of 28.88, a P/E/G ratio of 3.91 and a beta of 0.50. The firm has a fifty day moving average price of $64.07 and a 200 day moving average price of $59.41.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. Sell-side analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 in the company, valued at approximately $270,851,892.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 3,960,402 shares in the company, valued at $270,851,892.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the transaction, the director now owns 144,807 shares in the company, valued at approximately $9,386,389.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,499,762 shares of company stock valued at $951,294,838. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. TD Cowen lifted their target price on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Telsey Advisory Group upped their target price on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Morgan Stanley boosted their price target on shares of Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Tigress Financial increased their price objective on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, Truist Financial upped their price target on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.41.

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.